The following are links to information from the Success Call with Owen Raun of RMC Vanguard and Bill Yeager of LendingTree.
Historical Mortgage Timeline
Loan Limits Example
We are seeing more consumers utilize FHA loans, despite their higher rate and built-in mortgage insurance due to the loss of low down-payment loans in the Alt-A and Subprime market. FHA loans also offer more lenient credit stipulations than most other loan types currently available.
Example of Purchasing Power
New Loan Limit (FHA, Fannie/Freddie) Link:
FNMA Link
Tuesday, May 20, 2008
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