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Watt: FHFA won’t raise loan limits, enter GSE reform debate

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Mortgage Professional America | 14 May 2014, 07:29 AM Agree 0
The director of the FHFA says it won’t be raising mortgage limits – or entering the debate on winding down Fannie and Freddie
  • MARTIN SISK | | 14 May 2014, 10:45 AM Agree 0
    You know the median house sells for 221,800, that's 70% of the market or more. So why go to $417K for the 30% and GSEs grow too large? Let the private sector take the mortgages above $225K, right now the rates on 30 year fixed are only about 0.50 higher for mortgages above $417K.
  • Nicole | | 14 May 2014, 11:38 AM Agree 0
    The median price house in the San Francisco Bay Area is way over $221,800. At $221,800, you can get a fixer upper in a distressed suburban area, if that.
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