by Tanta on 3/07/2008 06:18:00 AM
Friday, March 07, 2008
I will have you know I did not make that up. I made up "Loans Formerly Known as Jumbo" or LFKAJ. But the OFHEO press release actually says "temporary jumbo conforming loan limits." TJC it is.
So, TJCs are here. Specifically, the loan balance limits are here. No word yet on what delightful LTV the GSEs will cap them at, or when such information will be available.
Many more MSAs are impacted than I originally predicted. I guess the time HUD put into establishing a brand-new home price model was well spent.
New limits by MSA are here.