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GSE loan limit increase would cover 89% of recent Massachuse

 
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news



Joined: 14 Jul 2007
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Location: Greater Boston
PostPosted: Tue Feb 05, 2008 6:43 pm GMT    Post subject: GSE loan limit increase would cover 89% of recent Massachuse Reply with quote
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Description: GSE loan limit increase would cover 89% of recent Massachusetts loans as opposed to 73% today
URL: http://bostonreb.com/2008/02/05/boston-msa-prices-drop-5-year-to-year-conforming ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=1447

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JCK



Joined: 15 Feb 2007
Posts: 559
PostPosted: Tue Feb 05, 2008 6:52 pm GMT    Post subject: Reply with quote
One of the comments by the author on this blog indicates the S-P only covers conforming loans. If true, wouldn't that mean that the S-P index is understating the bubble?
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
PostPosted: Tue Feb 05, 2008 6:58 pm GMT    Post subject: Reply with quote
JCK wrote:
One of the comments by the author on this blog indicates the S-P only covers conforming loans. If true, wouldn't that mean that the S-P index is understating the bubble?


I think he was referring to the OFHEO numbers when he wrote that. I believe that he is correct that OFHEO is limited to conforming loans, but that the S&P/Case-Shiller Index is not. I haven't double checked this, though.

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john p



Joined: 10 Mar 2006
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PostPosted: Tue Feb 05, 2008 7:32 pm GMT    Post subject: Reply with quote
Certain States like California are looking for some serious fall protection. Some of those folks over there got in way, way over their heads...
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