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"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has." -
So now people who couldn't afford thier mortgage in the first place will be able to get an even bigger mortgage than before!!"It is easier to build strong children than to repair broken men" - Frederick Douglass -
There is that!Originally posted by Islandman View Post
...but there is also that it shall allow some with adjustable rate mortgages who were 'dying' to refi into fixed rate FHAs gain better rates and lower payments...and "live" again!
...bring back lower income buyers and some with horrible credit into the first time homebuyers market...
...cause some flicker of life in allied job markets - construction, re-sale homes, mortgages consultants, brokers, real estate sales persons, real estate brokers, appraisers, pest control entities, real estate inspectors, etc...and those who benefit as supplies of household goods and appliances, etc.
The damper
is it is temporary - March - December 2008. I suppose there shall be a review then! 
Last edited by Karl; March 7, 2008, 05:24 PM."Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."Comment
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FHA limits - bumped!
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