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  • Comment Detail

  • Date: 06/30/15
    First Name: PATRICK
    Last Name: IGLINSKY
    Organization: Supreme Lending
    City: N/A
    State: N/A
    Attachment: N/A
    Number: 2015-N-03

  • Comment

    Conforming limits should be increased. Housing prices in Dallas/Fort Worth have increased significantly over the past several years. Widespread relocation from other high cost areas in the US has contributed to above normal appreciation. Cost of housing is up and the conforming limit for financing is not sufficient to support many homeowner's credit request even after putting down a sizeable down payment. It seems like if the conforming limit was sliding based on Loan to Value that would help allow for more credit availability to well qualified borrowers without increasing the risk to the GSE.