Loan Limit Thoughts; Long List of Credit Changes and Lender Updates


Historically the FHFA, and with it Freddie and Fannie, announce official loan levels for the following year soon after Thanksgiving. (There are always rumors prior.) The loan limits are based on home prices around the nation. After 2008, despite the prices in many areas dropping, the Agencies did what they could to maintain stability. Prices in most areas have since rebounded, and so it is expected by many that we’ll see an increase in the conventional conforming loan limits. But there is noise out there of the FHFA scaling back its presence and market share. This may take the form of eventual cut backs on programs (should Fannie & Freddie support landlords buying non-owner houses?). Or will they cut high balance loan limits? Changes take a while, so stay tuned. READ MORE

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