The #1 question on the minds of loan officers is will the principal loan limits be increased by HUD beginning the new fiscal year, October 2010.
Although we are still in June, time has a way of flying by.
What are your thoughts moving forward? Will you be able to survive if things change? Will our senior clients be forced into more foreclosures? Will the new burden of entitlements be stretched to the point of bankruptcies to our entire social system as we know it today? Will downward home prices continue to spiral? Will taxes, insurance and higher rates rear their ugly heads in 2011?
Our current times continue to be very interesting.
Your thoughts?
