Conforming limit increase???

01/24/2008

Speaking of opportunity. We are hearing rumors that the conforming limit may
be raised on a somewhat temporary basis from $417,000 to $625,500, like it
already exists in Alaska, Hawaii, Guam and the Virgin Islands.. Now remember, this is still just a possibility and it may not even happen, but we have to be ready. We strongly recommend you start lining up all your Jumbo and ARM clients as this opportunity would in essence represent a 1% reduction in interest rates.