How long until housing reform happens?

Because the law bases Jim’s maximum loan on all of his loans during the 12 months prior to the new loan, there isn’t a significant advantage for Jim to pay off his first loan before requesting a second. If Jim repaid the $18,000 before applying for the second loan, he would be limited to the lesser of: $50,000 – ($27,000 – 0) = $23,000, or

"Unless and until we come to believe that one of these reform initiatives will garner political support broad enough to be likely to be enacted within the coming two years, our ratings on F&F.