US Inflation and What To Do About It Message Board

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Strategies & Market Trends : US Inflation and What To Do About It

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To: RetiredNow who wrote (1301)	1/6/2020 2:49:56 AM
From: John Vosilla	Read Replies (1) of 1504

FHA, Fannie Mae, Freddie Mac are all now backing larger loans. Higher loan limits for 2020 are now in effect housingwire.com Looks like we are two years into return of very low down no skin in the game loans AGAIN. Still many differences from 2003-07. Credit scores higher, no 1% option ARM loans in fashion YET. What sparked my interest now was a $370K new home purchase in 2018 with $382k 1st mortgage that the HOA foreclosing on now for $1500. This lender Eagle Mortgage (recently sold by Lennar) sued by justice department for defrauding the government agencies backing these mortgages.. Seems more innovative schemes by mortgage loan subsidiaries owned by the big builders in fashion again as well to get first time home buyers in the game..

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