Comments on: Conforming Loan Limit Increased http://agbeat.com/real-estate-mortgage-economy/conforming-loan-limit-increased/ News, insights, tools, and inspiration for business owners and professionals Fri, 10 Feb 2012 15:13:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Shailesh Ghimire http://agbeat.com/real-estate-mortgage-economy/conforming-loan-limit-increased/#comment-4062 Shailesh Ghimire Tue, 12 Feb 2008 18:53:49 +0000 http://agentgenius.com/?p=1125#comment-4062 Ginger, I know your area was mentioned as one most likely to be postively affected. I'm not sure how the overall economy will be affected either... Robert, There should be a minor refinance bump - but considering jumbo is only 15% of the market and in a lot of cases refinancing may not make sense, I'm thinking we'll see a bump in applications but not in originations. Ginger,

I know your area was mentioned as one most likely to be postively affected. I’m not sure how the overall economy will be affected either…

Robert,

There should be a minor refinance bump – but considering jumbo is only 15% of the market and in a lot of cases refinancing may not make sense, I’m thinking we’ll see a bump in applications but not in originations.

]]> By: Robert D. Ashby http://agbeat.com/real-estate-mortgage-economy/conforming-loan-limit-increased/#comment-4057 Robert D. Ashby Tue, 12 Feb 2008 14:48:51 +0000 http://agentgenius.com/?p=1125#comment-4057 It will allow mortgage brokers to continue eating as they are running our of refinancing clients. So, could it be described as a mortgage broker bailout program? OK, in all seriousness, I am glad to see it however I do also see the potential for ALL originators to refinance "jumbo" holders simply to make money for themselves, including banks. So, a word of caution to those thinking about refinancing their jumbo loans, don't trust your mortgage originator, whether mortgage broker or not, do your research and make sure it makes sense for your overall financial plan. It will allow mortgage brokers to continue eating as they are running our of refinancing clients. So, could it be described as a mortgage broker bailout program?

OK, in all seriousness, I am glad to see it however I do also see the potential for ALL originators to refinance “jumbo” holders simply to make money for themselves, including banks. So, a word of caution to those thinking about refinancing their jumbo loans, don’t trust your mortgage originator, whether mortgage broker or not, do your research and make sure it makes sense for your overall financial plan.

]]> By: Ginger Wilcox http://agbeat.com/real-estate-mortgage-economy/conforming-loan-limit-increased/#comment-4048 Ginger Wilcox Tue, 12 Feb 2008 03:41:15 +0000 http://agentgenius.com/?p=1125#comment-4048 Shailesh, I am skeptical that it can impact the overall economy, but I do think it will provide a boost to certain markets like my own in Marin County. Marin has suffered more of a "confidence" problem vs. an actual market problem. Property values have continued to increase in our area. The passage of this bill may improve confidence and entice more people to jump back in to the market. Shailesh,
I am skeptical that it can impact the overall economy, but I do think it will provide a boost to certain markets like my own in Marin County. Marin has suffered more of a “confidence” problem vs. an actual market problem. Property values have continued to increase in our area. The passage of this bill may improve confidence and entice more people to jump back in to the market.

]]> By: Arizona Mortgage Guru » Stimulus Bill Passed, Raises Conforming Loan Limit http://agbeat.com/real-estate-mortgage-economy/conforming-loan-limit-increased/#comment-4014 Arizona Mortgage Guru » Stimulus Bill Passed, Raises Conforming Loan Limit Mon, 11 Feb 2008 20:52:22 +0000 http://agentgenius.com/?p=1125#comment-4014 [...] loans under the conforming loan limit will make higher priced homes a bit more attractive. However, I don’t anticipate jumbo rates to fall to the conforming loan limit. I would imagine that there would be some form of price adjustment for loans greater than $417,001 [...] [...] loans under the conforming loan limit will make higher priced homes a bit more attractive. However, I don’t anticipate jumbo rates to fall to the conforming loan limit. I would imagine that there would be some form of price adjustment for loans greater than $417,001 [...]

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