Friday Links

Don't see the point in the NYT having that landlord-tenant question feature open for another week. In only one day they've already collected over 100 questions.

Posted by: guest at January 25, 2008 9:46 AM

Re: Stimulus Package a Boon for Housing [NY Daily News]

Considering back-to-traditional lending standards with a 20% DP, the package would help NYC with loan amounts as much as 730/0.80 = $913K. But your credit would have to be stellar. However...

"The higher cap, to be effective until the end of December, would breathe life into housing markets in New York, California and other pricey areas because lenders would feel more comfortable knowing Fannie and Freddie can buy and package the loans into securities that investors consider to be relatively safe."

After December, then what? And are investors ready to jump back in the MBS game considering insolvency problems with even prime borrowers in the face of a recession? I don't know. People's thoughts?

Posted by: guest at January 25, 2008 1:19 PM

Hey. That's my finacee's photo.

Posted by: guest at January 27, 2008 7:39 PM