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2009 Temporary High Balance Limits

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Forums » For Mortgage Professionals » MBS Discussion » 2009 Temporary High Balance Limits
 

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Latest post Thu, May 7 2009 7:13 PM by Dan Lebovics. 2 replies. Viewed 554 times.
Page 1 of 1 (3 items)

  • Thu, May 7 2009 10:03 AM                

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    Has anyone noticed the new temporary 2009 High Limit ($729,500) being offered by any lenders, and if so who?
    Furthermore do any AE's or MBS/Secondary folk have any insight as to timing?

    It was eligible for sale to FNMA effective May 1st. I am concerned that because it expires December 31st,  it will have little effect if the timeline drags out before it is a reality.

  • Thu, May 7 2009 10:15 AM                 In reply to

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    Finally a few are offering it now.  GMAC (decent rate), Everbank, Amtrust and Wells Fargo wholesale.  Wells correspondent will start offering it on 5/11 and they are untouchable right now on agency jumbo (to 625k), so they will likely be best on 5/11.

  • Thu, May 7 2009 7:13 PM                 In reply to

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    Today's update: Flagstar will start offering the 729k limit on 5/16.  They've been somewhat out of the market on agency jumbo lately, and they're putting 625k-729k in a separate category (which, of course, means a pricing hit).
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