High Balance limits going up to 729,750 for Fannie...

When?  I am growing impatient... When are they and the investors going to accept the new limits?

Andrew, I feel your pain.  I've posed that question a couple of times on here, you can check out my posts.  One fellow thought we'd see something first of April, but I can't find ANYTHING on FNMA's site saying that.  They DO have the limits clearly posted on there, but as to when the wholesalers can offer it?  If you see anything, will you let us know?

but of course...April 1st would be nice but I guess we shall see.   I cannot see it being much longer especially when FHA took them on very quick.  Do you agree?

Not so sure, it has been the limit since Jan. 1, but no wholesaler has embraced it.  Guess we'll just have to think good thoughts, (and be patient).

Fnma will begin accepting 5/1/09.

Hey Bob,

Where did you see that?

Adam posted a partial release in the War Room.

Cool, can't get there from here (anymore).  Will you let me know if you hear anything else?

Sounds like you need a VG invite?

That would be appreciated.

Hey, some good news, just got this from my Wells A.E.:

Answer:  May 1st

Fannie Mae has announced today that, beginning May 1, 2009, it will accept for delivery loans originated in 2009 using the higher of the current permanent high-cost loan limits, or the temporary loan limits that were in place in 2008.

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0908.pdf

https://www.efanniemae.com/sf/mortgageproducts/pdf/highbalancematrix.pdf

So does this mean the new limits won't be available to the consumer, until May 1st?

Maybe later than May 1st.  Has anyone seen / heard any noise from their lenders regarding the increase?

Metlife---yesterday.

Bob, how does the pricing look, same as a regular $625K?

any news on when Wells or Countrywide will accept them?

Brian Conner:

Bob, how does the pricing look, same as a regular $625K?

Brian- yes same as $625k.  Albeit they are out of the market today.