Blog of the Mortgage

It's a short path to Victory but there are many obstacles:

An Article on Yahoo posted by Reuters last week pointed to an interesting new twist in the GSE/FHA Reform.

The fact that many Mortgage Bond Trading companies may not want to include loans larger than $417k in their pools.

The Article Here: and some additional input on CR by Tanta and By Paul Jackson over @ Housing Wire

Show us that there are more than just opposing comments from OFHEO Director Lockhart to deal with. After all if the bankers don't pay what will happen?

I see a possible fee adjustment coming to rate sheets everwhere for loans over $417k and under new Limit Caps ($625k/$729k) othwerwise it's possible that an increased loan limit will actually carry zero benefit for those who need it most.

Stay Tuned. Alot will happen in the next 30 days.