Having Trouble Getting A Conforming Loan? Image courtesy of
A reporter for a major national newspaper is looking for people to talk to for a story about new government guidelines that were supposed to make it easier for people to get or refinance jumbo loans (mortgage loans traditionally greater than $417,000). Under the new guidelines, some loans that are greater than $417,000 have been re-classified as "conforming" loans. This was supposed to make it easier for borrowers to qualify, but the reality, mortgage brokers say, is that very few people are. The reporter is looking to speak with consumers who have looked into the new guidelines, had hoped they would help, but discovered they are not helping after all. Email ben@consumerist.com with "jumbo" in the subject line and I'll put you in touch.
A reporter for a major national newspaper is looking for people to talk to for a story about new government guidelines that were supposed to make it easier for people to get or refinance jumbo loans (mortgage loans traditionally greater than $417,000). Under the new guidelines, some loans that are greater than $417,000 have been re-classified as “conforming” loans. This was supposed to make it easier for borrowers to qualify, but the reality, mortgage brokers say, is that very few people are. The reporter is looking to speak with consumers who have looked into the new guidelines, had hoped they would help, but discovered they are not helping after all. Email ben@consumerist.com with “jumbo” in the subject line and I’ll put you in touch.
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