Congress OKs loan limit increase
The stimulus package has a provision
that
will temporarily raise
the conforming loan limit up to $729,750,
in higher cost areas,
to allow Fannie and Freddie to purchase or
guarantee
many jumbo mortgages originated
between July 1, 2007, and Dec. 31,
2008.
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Providing National Mortgage / Loan Options on a Local Level. Mortgage information available for anyone within the Metro St. Louis, St. Charles and Illinois area.
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Everyone’s heard the tag line – “When lenders
compete, you win.” A recent class action
suit filed in Orange County, California Superior
Court alleges that LendingTree diverts LendingTree.com
leads to its subsidiary, which conducts business
under the name LendingTree Loans without
any competition.
The suit further claims that loans
originated
by LendingTree Loans are originated
at inflated
prices, based on the false representation
that competition for the business has
occurred
among lenders.