http://blog.redfin.com/orangecounty/2008/04/fools_rush_in_or_not_at_all.html Redfin Orange County Sweet Digs Sat, 21 Nov 2009 07:08:36 -0800 http://wordpress.org/?v=2.8.1 hourly 1 http://blog.redfin.com/orangecounty/2008/04/fools_rush_in_or_not_at_all.html/comment-page-1#comment-6303 Carol Fri, 11 Apr 2008 22:39:18 +0000 http://blog.redfin.com/orangecounty/2008/04/fools_rush_in_or_not_at_all.html#comment-6303 A couple of thoughts. One, I agree changes like this are slow to grow legs. Given that, why such a short window knowing the benefit will be minimal? Two, (and I ask this out of sheer ignorance, not being combative) why do you think the limits will be extended? My gut tells me they won't but as a loan consultant you may know something I don't and I'm interested in knowing what that is. Thanks for your insights. They are greatly valued! A couple of thoughts. One, I agree changes like this are slow to grow legs. Given that, why such a short window knowing the benefit will be minimal? Two, (and I ask this out of sheer ignorance, not being combative) why do you think the limits will be extended? My gut tells me they won’t but as a loan consultant you may know something I don’t and I’m interested in knowing what that is.
Thanks for your insights. They are greatly valued!

]]> http://blog.redfin.com/orangecounty/2008/04/fools_rush_in_or_not_at_all.html/comment-page-1#comment-6301 Bill Fri, 11 Apr 2008 18:02:05 +0000 http://blog.redfin.com/orangecounty/2008/04/fools_rush_in_or_not_at_all.html#comment-6301 The "conforming jumbo" products now rolling out among lenders aren't really benefiting anyone right now. Rates are significantly higher than regular conforming loans, guidelines are still very strict. Being a loan consultant, i don't see much difference before and after the so-called introduction of these loans. And to the notion that these loans will be rolled back come Dec 31st, i believe congress will do the smart thing and extend this deadline, to allow at some point these new products to gain a foothold in the market, bringing more confident investors into the market to purchase these loans, benifitting new borrowers. It hasn't happened yet, though. The “conforming jumbo” products now rolling out among lenders aren’t really benefiting anyone right now. Rates are significantly higher than regular conforming loans, guidelines are still very strict. Being a loan consultant, i don’t see much difference before and after the so-called introduction of these loans. And to the notion that these loans will be rolled back come Dec 31st, i believe congress will do the smart thing and extend this deadline, to allow at some point these new products to gain a foothold in the market, bringing more confident investors into the market to purchase these loans, benifitting new borrowers. It hasn’t happened yet, though.

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