2009 Conforming Loan Limits Return To $729,750 In High-Cost Areas

Conforming mortgages are limited by loan size, based on “typical” housing costs around the country.  The current conforming limit on a single-unit property is $417,000. In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in...

Join Rick Santelli’s Revolution

If you agree with Rick, as I do. It is time to stand up and say...

Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market

Today Mortgage Rates ended where they started.  Prior to Obama’s Foreclosure Plan speech  MBS reached their worst, which I am confident, put lenders fingers on the trigger.  During the speech the majority of the losses were recouped.  Overall we did see a good amount of action in the MBS today, which...

Mortgage Roundtable – Part II – Featuring Your Mortgage Planner

View Larger Map Geordie Romer’s most recent post “Mortgage Roundtable II” brings together the TOP Echelon of Mortgage Planners, Professionals and Bloggers to Debate the State of Real Estate Lending.   Geordie’s Post offers an inside look at how 5 Mortgage Professionals see the world of...

Mortgage Rates February 17, 2009

Today was a surprise day for Mortgage Backed Securities; many prognosticators thought for sure we would see MBS plummet and start pushing Mortgage Rates towards 6% , with the signing of Obama’s Economic Stimulus.  The MBS (FNMA 30 YR 4.5%) acted in contrarian nature and posted a whopping 50pb...