Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Think4Yourself who wrote (105446)	2/17/2008 1:34:15 AM
From: Live2Sail	Respond to of 306849

"The borrowers have to put 10% down to get into a conforming loan, and they will be looking at the source of the funds. Borrowers are also going to have to pay much higher PMI rates than in even the recent past." 10% is a hell of a lot better than the 45% mentioned in the MercuryNews article. I think the stock makret is having more of a chilling effect than the loan limits, but the loan limits must be having some effect. I agree, I don't think that the change in conforming loan limit will be a panacea, but it might get things rolling again. If it doesn't, we will see big price reductions in the month of March. I've got my popcorn.