Just in time (for a recession?). Fred & Fannie Tighten Lending

[Fernando]

FHA was for the lower income class with their issues. When i started selling r.e. it was all conventional. Then during the pres carter financial crisis it turned around and became mostly FHA in this big city.

Then wall street came in with no docs and mixing c paper with a paper loans, but selling it like it was only a paper loans.

I always considered FHA as last resort for lower income class. Few FHA loans in greater Bay Area as few low income class people can afford to buy.

 

[Dublin ohio]

I always considered FHA as last resort for lower income class. Few FHA loans in greater Bay Area as few low income class people can afford to buy.

The FHA loan limit for the bay area is $1,149,825. Poor peasants

 

[Terrel L. Shields]

The FHA loan limit for the bay area is $1,149,825. Poor peasants

I want to say I recall when the limit was $89,000. But I'd be wrong. It was $81,000± and that was 1996. FNMA was about $100k more. Alaska and a few places were higher.

 

[Surf Cat]

I want to say I recall when the limit was $89,000. But I'd be wrong. It was $81,000± and that was 1996. FNMA was about $100k more. Alaska and a few places were higher.

View attachment 89908

Is that Kamala as your new avatar?

 

[Terrel L. Shields]

Is that Kamala as your new avatar?

Goth girl with no job

 

[Dublin ohio]

Goth girl with no job

Close enough

 

[Fernando]

The FHA loan limit for the bay area is $1,149,825. Poor peasants

And median price home in Silicon Valley is $2 million.

 

[Dublin ohio]

And median price home in Silicon Valley is $2 million.

FHA uses a median price as of 01/24 of $1.6M for Santa Clara county