They are issuing a statement tomorrow together with OFHEO at 9am, and the speculation is they will announce limits being raised - anyone hear this? Jumbo loans have been a major problem and drag to this real estate market, so perhaps the market will react very favorably? Any thoughts?
incredible, these guys might go under when this cycle ends and they are asking them to do more business, treasury will have to pony up when the losses overwhealm them, I wish there was a budget deficit contract on intrade, that thing might to the moon