Changes in Loan Limits Will Impact Few Home Buyers

RE:Changes in Loan Limits Will Impact Few Home Buyers

Mir — Thu, 20 Mar 2008 11:00:00 GMT

This new FHA Confirming Loan Limits should be injected also in Illinois, specially in Cook Couty where most of the houses are over $500,000. There are lot many home owners in Park Ridge, Illinois will be facing foreclosure soon because the median home price of the new ( build in last few years) is close to one million dollars. Senator Derbin and Barock Obama , could you please push this one, and to make sure your State get benifited too. Thanks.

RE:Changes in Loan Limits Will Impact Few Home Buyers

Short Sale — Tue, 04 Mar 2008 13:00:00 GMT

I know if a seller foreclose on there property there is no 1099 involved but if a seller do a short sale on his property is the new stimulus package plan eliminating the 1099 for Short Sales?

RE:Changes in Loan Limits Will Impact Few Home Buyers

Ross Jameson — Tue, 04 Mar 2008 13:00:00 GMT

Are we sure there is going to be an FHA floor of $417,000? The information received was 125% of the median home price for each county,without a floor of $417,000.

RE:Changes in Loan Limits Will Impact Few Home Buyers

J.R. Conway — Thu, 28 Feb 2008 13:00:00 GMT

The FHA new county limits will be posted by HUD in mid March. As far as how long it will take for lenders to enact the new limits is still anyones guess.

RE:Changes in Loan Limits Will Impact Few Home Buyers

DAVE FROM WA — Wed, 20 Feb 2008 13:00:00 GMT

Originally, people were saying the increases would take place immediately for 12 months. Now it looks like the increases will not take place until June - July, and will only be for 6 months.

RE:Changes in Loan Limits Will Impact Few Home Buyers

KRM - Westchester N.Y. — Mon, 18 Feb 2008 13:00:00 GMT

H.R. 5140 clarification ...... Will people who made Nasty Subprime ARMs in 2005 be able to take advantage of these new rules concerning Jumbo rates becoming fixed rates and when. I read that the program will not start till July 2008 and it go's back to only 2007. There is a lot more people in this mess than that time period if true would help. We need help fast especially in N.Y. P.S ... Senators Clinton and Schumer can you hear us and help us now !!!

RE:Changes in Loan Limits Will Impact Few Home Buyers

anonymous — Thu, 14 Feb 2008 13:00:00 GMT

And how will this impact rates on loans that remain over the conforming limit?

RE:Changes in Loan Limits Will Impact Few Home Buyers

myequityloan — Wed, 13 Feb 2008 13:00:00 GMT

Ok great.... But when is HUD going to announce changes and give lenders the go ahead????

RE:Changes in Loan Limits Will Impact Few Home Buyers

nikitas kouimanis — Wed, 13 Feb 2008 13:00:00 GMT

when is it actually going to go in to effect