6 Responses to “Will higher loan limits make a come-back?” »»

1. Numbers Guy
   Comment by Numbers Guy | 01/17/09 at 4:49 pm

   Sure, as long as assets / income support the size of the loan.

2. QuickFix
   Comment by QuickFix | 01/17/09 at 11:14 pm

   Rep. Miller proposal is the same solution as speeding up the printing presses for paper money because inflation is getting out of hand.

   Cheap mortgage money go us into this mess in the first. Even cheaper mortgage money can’t be the fix.

   I wonder 2 years from now if the entire U.S. banking system will be destroyed attempting to clean up the real estate bubble.

3. John Ford
   Comment by John Ford | 01/18/09 at 4:33 am

   Quickfix, you don’t think we should consider setting loan limits based on housing prices?

4. Nick Warren
   Comment by Nick Warren | 01/18/09 at 11:29 am

   Quickfix – Real estate is local. What is an average purchase price for one city can be half or twice what it is in another city. Why have a national conforming loan limit if every city and town is different? I feel this could actually drive prices up in some areas and down in others.

   The conforming loan limit should be based on location and be reevaluated on a regular basis and changed according to average property values.

   This doesn’t mean that they are going to become lenient with requirements to qualifying for these loans, it just means that they will be able to provide more reasonable rates.

5. W.C. Varones
   Comment by W.C. Varones | 01/18/09 at 12:01 pm

   It’s the Keep Homes Unaffordable Act. Miller is on the payroll of the real estate industry.

6. confused
   Comment by confused | 01/19/09 at 8:58 am

   Make housing affordable…not the loans….There was a study that offered participants $15 dollars immediately or $20 bucks in two weeks….the vast majority took the 15 bucks.

   The only reason for the special rates is to help people afford what the truly can’t.

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