I doubt that there are going to be a lot of qualified borrowers that fit this new limit, but it’s still an interesting commentary. If anything, the average person is at greater risk for default right now (unemployment is still increasing, credit card companies are tightening the thumbscrews, wage growth is nonexistent, etc.). If Freddie and Fannie were not guaranteed by the US government, the prices on their bonds would be falling through the floor with this announcement. Fortunately for investors (and those that qualify for a refi), the guarantee does exist. Nobody loses!
No need to thank me
contact me
contact me
People I read and agree with
People I disagree with but read anyway because they are smarter than me
Follow on Tumblr
Following
© 2008–2012 Powered by Tumblr
