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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (1138)12/10/2001 10:43:00 AM
From: TradeliteRespond to of 306849
 
Conforming loan limits (also VA and FHA limits) are increased from time to time to keep up with housing prices--if they weren't, the limits would still be stuck back at $50,000, and that wouldn't be very useful to homebuyers. Has little to do with declining credit quality.

And by the way, ALL loans sold in the secondary mortgage market are granted to "qualified credit only"---this isn't new, either.<gg>>


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