This morning, the Director of the Federal Government Sponsored Enterprise, Jame B. Lockhard, finally agreed to allow FannieMae and FreddieMac to set the Conforming Loan Limits higher than the current $417,000. Unfortunately, it's taken 18 months of huges sacrafices for the real estate and mortgage industry to get to the brink of total disater.
Why it takes so long for these people to make a decision is beyond me. It's very frustrating for homeowners, who are trying to buy or refinance. History teaches us valuable lessons, I not sure if politicians, short term economist, and the news media ever stop to rationalize the long term affects on their opinions, that affect our daily lives.
Carlos Arvizu Sr.
Prudential California Realty
TheMulhearn Group
562-755-3856
 |
|
|
Serving Downey, Pico Rivera,Whittier,Montebello, Bellflower, Norwalk and sourrounding areas of Southern California
I Boycotted the Long Beach Press Telegram, about the Negative Headlines.
How can all of the Local Real Estate Companies Boycott the Local News Media?
Headlines in the Long Beach Press Telegram using scare tactics to grab Headlines?
Understanding the Pre-qualifications & Pre-Approval
Understanding the Potential Homebuyers Pre-qualification & Processing of the Mortgage.
Asking for the Order, you sometimes get, you don't ask, you never get, or do you?
What you put into the business of selling real estate is exactly what you get out of it, or is it?
Creating Wealth in the Real Estate Market were in, how can you capitalize on it?
A Salute to our men and woment serving in Iraq and past Veterans serving before.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
