Good News for Agency Jumbo Conforming Financing- Stimulating the Bay Area Purchase Market

Late last week lenders began pricing the new “Jumbo Conforming” loans as if they were the same as the usual Conforming loan.
The “Conforming Loan”- Is a loan up to $417,000 that was the standard before the economic stimulus package was introduced earlier this year.
The “New Jumbo Conforming”- is a loan limit that is $417,001-$729,750 scheduled [...]

Stimulus Package Update for the Mortgage Market: Talk around the water cooler-

One of the most significant steps the federal government has taken in its attempt to bring liquidity and stability back to the mortgage and credit markets was its March decision to expand the capacities of Fannie Mae and Freddie Mac, allowing them to significantly increase the amount of mortgage securities that they can purchase or [...]

A glimpse into the “Economic Stimulus Package” containing higher mortgage limits for both FHA and Conforming Loans in High Cost Areas

With so much speculation surrounding the rise in Conforming loan limits in high cost areas I thought it would be beneficial to share some valuable information I received today. At Green Mortgage Group I pride myself on bringing you the reader the most up to date information surrounding Real Estate, Mortgage Loans, Green Real Estate, [...]

Can you see through MUD? Economic Stimulus Package Update- Conforming Loan Limits

There has been a lot of talk surrounding the rise in the conforming loan limits to help spur the residential real estate market.  As I’m sure you’ve all heard the congress finished off the economic stimulus package yesterday and sent it to the President with the $729,750 number intact.  President Bush has already come out [...]