回复：好消息,加州conforming loan 提高

The California Association of Mortgage Brokers has been lobbying to raise the conforming loan limit from $417,000 to $625,000, which they estimate will allow tens of thousands of homeowners to obtain more favorable financing.

Currently, the median home price in California is roughly $588,970, making it difficult for many potential homeowners to get a loan without putting a sizable sum of money down at closing.

Fannie Mae and Freddie Mac, as well as certain Senators have been pushing for a temporary lift of the conforming limit to ease the credit crunch, though the Bush Administration and Fed Chief Bernanke have been strongly opposed.

Interestingly, the conforming loan limit may dip in 2009 if home prices continue fall as expected over the next year, though decreases must now total more than 3% before a decrease would be implemented, a change from the current 1% amount.

The OFHEO also said that the conforming loan limit will now be rounded down to the nearest $100 to simplify matters.

The conforming loan limit for 2008 is expected to be announced in late November.

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• This is what I read. Ben and Bush are right this time -mnosense- ♂ (127 bytes) () 11/06/2007 postreply 12:19:08

• 什么recession? -dividend_growth- ♀ (114 bytes) () 11/06/2007 postreply 13:17:29

• Exactly. The problem is: How Do We benefit from it? -yogiho- ♂ (0 bytes) () 11/06/2007 postreply 13:45:21

• tech and industrial are booming? What's NEW in these areas -mnosense- ♂ (265 bytes) () 11/06/2007 postreply 13:50:45

• AAPL, EMC, GOOG, IBM, INTC, MSFT, ORCL的earning， -dividend_growth- ♀ (106 bytes) () 11/06/2007 postreply 15:52:28

• Earnings are great, but that's not what I meant. What did -mnosense- ♂ (310 bytes) () 11/06/2007 postreply 18:17:58