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   From: RegulationReform@USA.com   
      
   On 1/6/2020 3:17 PM, Regulation Of Commerce wrote:   
   > 250 Year Fixed, No Doc, 100% Loan-To-Value, Conforming Loans are needed.   
   >   
   > A 250 year fixed payment is equal to an Interest-Only payment.   
   >   
   > We can still have teaser rates for the first 5-10 years, to build equity and   
   then   
   > refinance.   
   >   
   > The 5/1's are still a time bomb waiting to happen, as soon as the housing   
   market   
   > falls again.   
   >   
   > Mortgages with adjustable payments are a time bomb waiting to happen, as   
   soon as   
   > the housing market falls again.   
   >   
   > The payment must stay the same for the life of the loan, though the rate can   
   change.   
   >   
   > The 250 Year Fixed, 100% Loan-To-Value, Conforming Loans are needed, No Doc   
   for   
   > primary loan, doesn't have to be a residence, one could rent as a vacation   
   property.   
   >   
   > No two years of employment proven.  Buy at will, to live in or rent as   
   vacation   
   > property.   
   >   
      
      
   This plan ought be only for *primary* conforming loans.   
      
   But if you have several vacation properties or residences, or a jumbo loan,   
   stricter borrowing requirements ought to apply.   
      
   Conforming loan limit map:   
   https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limits-Map.aspx   
      
      
   Fannie Mae "HomeReady," and Freddie Mac "Home Possible" already are plans that   
   allow 97% LTV:   
   https://www.nerdwallet.com/blog/mortgages/fannie-mae-home-ready-   
   reddie-mac-home-possible/   
      
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