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I'm trying to figure out when the new conforming loan limits are expected to be effective. Has anyone seen any scuttlebutt about that?

David Elsewhere from Santa Ana (I don't know how to embed this as a screen) http://www.youtube.com/watch?v=37bvtDohsAQ

Yay! I want to take dance lessons and, yes, take up a new, albeit expensive, hobby. All recommendations will be cheerfully investigated. Thanks!

Has anyone been to the Avant Garde Ballroom in Newport Beach? What did you think?

Never mind, graphrix...I didn't realize you were talking about Barry Ritzhold, the author of the blog. Nice blog; thanks.

graphrix, I didn't see anything by Barry Habib at your link above. Can you provide a more direct link? (Oh, and by the way, you da man.)

awgee wrote: But when ... [...] and a Martha Stewart type of craft room. When what?

jbatzmaru wrote: the sale's [sic] man push the buyer into an affordable monthly payment but stretches the loan to a longer length and thus making more money on financing. You're forgetting about the time value of money; there's a huge difference between getting adjusted to market at 1, 3...

ipoplaya, yes, I was referring to the long bond. Thanks for clarifying.

The Federal Reserve has been on a rate cutting spree once more. Many mortgage applicants are calling their loan provider and expecting a lower interest rate. Others who have been waiting to refinance are puzzled as to why mortgage rates have not moved lower during the recent five Fed rate cuts...

Posted: A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain. --Mart Twain Here's another one: If you owe the bank $500,000, they own you, but if you owe them $50 million, you own them." --credited to Donald Trump

I would like to address this comment by IrvineRenter: The raising of the conforming limit should narrow the spread between conforming and jumbo. It will probably raise the conforming cost while lowering the jumbo cost somewhat. It will only help if you could meet the criteria for a conforming...

I would like to address the questions posed by IrvineRenter. 1. Did you realize there was a risk of not being able to refinance? Did your mortgage broker tell you it would not be a problem, and did you believe them? EVEN IF ANYONE TOLD HIM IT "WOULD NOT BE A PROBLEM," SINCE WHEN DOES THAT...

Effenheimer wrote: I kinda like the idea of having no skin in the game. It gives me something to walk away from when disaster strikes. Well, it's not like there are no consequences if you do walk away. If you walk, you'll suffer trashed credit and, possibly, a deficiency judgment or a...