Popular with 1st-time homebuyers, FHA loans have higher delinquency rates, and borrowers are more likely to end up underwater or in foreclosure when home prices fall
The $26,250 increase in Fannie and Freddie’s baseline single-family conforming loan limit is the smallest since 2020, but pushes the ceiling in high-cost markets to $1.25M
UWM and Pennymac are pricing jumbo loans of up to $819K as if they were conforming, ahead of an official announcement by Fannie and Freddie's federal regulator in November
FHFA Director Bill Pulte tells 'crypto influencer' he's signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public
Cutting the mortgage giants' $806.5K conforming loan limit could relieve pressure on home prices, but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders
Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac's federal regulator
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750K as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of 2024 increases
The Federal Housing Finance Agency gives 2019 homebuyers a break with a 6.9% increase in the max loan amount Fannie Mae and Freddie Mac can purchase