Fannie Mae Supersizes You
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move…
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move is supposed to encourage lenders to to drop rates on jumbo loans (those over $417,000), which have soared above smaller loan amounts in the wake of the credit crunch. The loan-limit increase, however, will be short-lived: It’s set to expire at the end of this year. Still, this should do more to prop up the economy than tax rebate checks.
Fannie, Freddie Loan Limits Raised [WSJ]
Photo by *andrew.
If anyone is interested, the Tax Foundation performs a lot of studies on who bears the burden of tax payments and who recieves government benefits. There is a pretty good (albeit long) report here: http://www.taxfoundation.org/publications/show/2282.html
3:48 – said “hey 3.35 – given up on your attempt to convince us you earn a salary and then get the money directed to, let me guess, a Swiss tax shelter, before it ever gets on your W2!!
“tax shelter” – what a giveaway that you’re a fraud.”
Here is a lesson for you – anyone that knows the littlest amount of personal finance knows that there are a million shelters other than swiss bank acocunts. Here are a few US Govt approved – talk to a financial advisor about them – UTMA, SEP, 529, 401K, mortgage interest, etc
12:17, My broker is saying the same thing to me. Hold-off if you can. Mortgage brokers want to make the deal and move on to the next. I am hearing from others in the business that it will take a few months for the new rules to trickle down. Everyone is predicting the end of the second quarter into the first of the third quarter of this year we will see most banks offering the new ceiling for mortgages.
3.54 – you just started lashing out because the actual fact that those people earning (i.e. having salaries paid to them – normal W2 income before you go off on a tangent) pay the bulk of income taxes, and pay a higher rate on those taxes, a fact like that doesn’t sit well with you.
who was “blaming the poor for their own failures”? point to the post.
I dont hate anyone based on the amount of money they make.
I do hate people who falsely blame the poor and middle class for their own failures.
I hate when upper middle class but wanting to be rich folk bitch about poor people in America bringing them down.
I hate that most people are ignorant and allow the govt to rape and pillage them of their money just to give to the uber rich who are buddies with Administration officials.
I thought all brownstone owners had trust funds to let them buy their houses and government-supplied Audis.
hey 3.35 – given up on your attempt to convince us you earn a salary and then get the money directed to, let me guess, a Swiss tax shelter, before it ever gets on your W2!!
“tax shelter” – what a giveaway that you’re a fraud.
“3.23 spewed”
Full of hate aren’t you, just trying to find a target.
Regardless, we are talking about people earning 150-250K aren’t we – not people with stashes of “sheltered income”. The fact that you believe these are the people with “sheltered income” betrays your own situation as one of limited or non-existent contact or actual knowledge of the people you hate so much.