Comments on: US House OKs Jumbo Loan Increase As Part Of Stimulus Plan http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm Your connection to Boston Real Estate Sat, 27 Feb 2010 17:13:22 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Peter http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm/comment-page-1#comment-3466 Peter Mon, 09 Mar 2009 21:54:15 +0000 http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm#comment-3466 The raise in conforming loan limit has no effect on the end customers. I live in Boston area, but when I called up Amerisave they told me that it didn't matter what the conforming loan limit was ($465,000). All of their lenders still considered anything over $417000 to be a jumbo loan. So the NAR is completely wrong. Buyers with good credit in high cost states are still being forced into jumbo loans. The raise in limits has no effect since no lenders are adhering to the limits, and therefore will not stimulate the economy. The raise in conforming loan limit has no effect on the end customers. I live in Boston area, but when I called up Amerisave they told me that it didn’t matter what the conforming loan limit was ($465,000). All of their lenders still considered anything over $417000 to be a jumbo loan. So the NAR is completely wrong. Buyers with good credit in high cost states are still being forced into jumbo loans. The raise in limits has no effect since no lenders are adhering to the limits, and therefore will not stimulate the economy.

]]> By: Doug Willis http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm/comment-page-1#comment-820 Doug Willis Fri, 01 Feb 2008 23:21:07 +0000 http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm#comment-820 <p>Lets hope this makes it through the Senate and becomes law. This will provide a much needed boost to states such as California, NY & MA. Too bad we don't index everything like we do the FICA tax. If we did we would be much better off from an economic perspective. Just think if we raised the standard deductions5-6% per year.</p> Lets hope this makes it through the Senate and becomes law. This will provide a much needed boost to states such as California, NY & MA. Too bad we don’t index everything like we do the FICA tax. If we did we would be much better off from an economic perspective. Just think if we raised the standard deductions5-6% per year.

]]> By: Eric Hundin http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm/comment-page-1#comment-809 Eric Hundin Thu, 31 Jan 2008 23:17:05 +0000 http://bostonrealestateblog.bushari.com/us-house-oks-jumbo-loan-increase-as-part-of-stimulus-plan.htm#comment-809 <p>I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.</p> <p>Eric Hundin</p> I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

Eric Hundin

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