They had over a 10% share in three Colorado counties, Boulder, Denver and Gunnison, during the first half of this year. A greater number of borrowers could be impacted if mortgage caps drop by a larger amount. Housing experts say a $25,000 drop is likely conservative, and if the real cut is bigger, more borrowers will be left with fewer [read] mortgage options going forward. Fannie Mae and Freddie Mac mortgages werent always so generous. They were mostly capped at $417,000 until 2008, when legislation increased their loan limits in more expensive markets, and by late 2011 they settled at the levels currently still in place. The moves were meant to stimulate home buying and lending in the wake of the housing downturn.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/housing-markets-about-to-get-squeezed-2013-09-13
Why a Better Housing Finance Solution Shouldn’t be the Enemy of the Best Solution
We can now begin to turn away from housings ugly recent history and start contemplating its future, specifically the future of housing finance. That President Obama and representatives from both parties in the House and Senate have recognized this fact as well is encouraging. The president has taken his housing message directly to consumers, through means both conventional speeches and talking points and decidedly 21st century, accepting questions via social media during a recent event hosted by Zillow Zillow . But for all the attention the presidents actions have generated, his largely non-controversial principles generally describe accepted points of consensus: Yes, we need more private-sector participation in the housing market.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/stanhumphries/2013/09/13/why-a-better-housing-finance-solution-shouldnt-be-the-enemy-of-the-best-solution/