The Trump administration claims quotas for low-income borrowers hurt the middle class. Consumer groups say multitudes of working class and minority homebuyers will be sent packing.
Equitable housing and climate change risk are out, deregulation and combating fraud are in. The strategic plan sheds little light on president's bid to spur homebuilders into action.
FHFA Director Bill Pulte is reportedly 'on thin ice' with several Trump administration officials over lack of communication on new Fannie Mae and Freddie Mac credit score policy
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
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
Mortgage giants will be allowed to back loans of up to $1.2M in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
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
Lending industry groups like the Mortgage Bankers Association called fee based on borrower's debt-to-income ratio 'unworkable'
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970