{"id":196327,"date":"2008-05-06T23:05:00","date_gmt":"2008-05-07T04:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/06\/barny-frank-is-angry\/"},"modified":"2008-05-06T23:05:00","modified_gmt":"2008-05-07T04:05:00","slug":"barny-frank-is-angry","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/06\/barny-frank-is-angry\/","title":{"rendered":"Barny Frank is Angry"},"content":{"rendered":"<p>After raising the limits for loans that purchased by Fannie and Freddie, which carry a lower interest rate, in February, Barney Frank is now looking into <a href=\"http:\/\/money.cnn.com\/2008\/05\/05\/real_estate\/jumbo_mortgages.ap\/index.htm?postversion=2008050515\">why so few of the new &#8220;non-jumbo jumbo&#8221; loans have been made<\/a>.<\/p>\n<p>The raising of the cap from $417,000 to $729,750 was intended to help property move in high cost markets, like Frank&#8217;s district.<\/p>\n<p>The simple reason that he is not seeing much in the way of these loans is because banks are not lending to <span style=\"font-weight: bold;\">anyone<\/span>.<\/p>\n<p>We are seeing an unprecedented tightening in mortgage lending standards, and so very few loans are being made.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After raising the limits for loans that purchased by Fannie and Freddie, which carry a lower interest rate, in February, Barney Frank is now looking into why so few of the new &#8220;non-jumbo jumbo&#8221; loans have been made. The raising of the cap from $417,000 to $729,750 was intended to help property move in high &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,1020,1088],"tags":[],"class_list":["post-196327","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-legislation","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196327"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196327"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}