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I wouldn't count on it. The mortgage market is divided between conventional and jumbo loans[1]. Any bail outs will likely focus on conventional mortgages. The
by qqqwerty 6y ago
I wouldn't count on it. The mortgage market is divided between conventional and jumbo loans[1]. Any bail outs will likely focus on conventional mortgages. The current administration seems to relish in screwing over blue states, and the house of representatives has a long list of negotiating priorities. They might be able to negotiate the SALT limits, but I don't see jumbo loan bail outs making the cut.
[1] https://www.washingtonpost.com/business/on-small-business/wealthy-mortgage-borrowers-face-cold-shoulder-from-lenders/2020/04/21/eb5a23bc-83e7-11ea-81a3-9690c9881111_story.html https://www.washingtonpost.com/business/on-small-business/we...