The Federal Housing Finance Agency (FHFA) today increased the conforming loan limits for Freddie Mac and Fannie Mae from $417,000 to $424,100. This is the first time the loan limit climbed above $417,000 in 10 years. The baseline loan limit was established by the Housing and Economic Recovery ... » Learn More about Conforming Loan Limit Increased the First Time in 10 Years
Mortgage Regulations
A Sample of Pending California Real Estate Legislation
As a Government Affairs Chair for the California Association of Mortgage Professionals I was recently in Sacramento advocating for the consumer of housing, discussing housing issues and pending legislation with our state Senators and Assembly Members. One thing of interest, our representatives in ... » Learn More about A Sample of Pending California Real Estate Legislation
Real Estate and Finance Tidbits 112015
A few recent items of interest, that probably won't hit the general media, or may not hit for a while... Bill Passes House to Expand Mortgage Availability By a vote of 255-174, the House approved the “Portfolio Lending and Mortgage Access Act,” which would broaden the definition of qualified ... » Learn More about Real Estate and Finance Tidbits 112015
Congress Passes Mortgage Act to Make it Easier to Get a Mortgage, But Don’t Count On It
By a vote of 255-174, the House approved the “Portfolio Lending and Mortgage Access Act,” which would broaden the definition of qualified mortgages – those that qualify for the safe harbor – to include all mortgages held on a lender's balance sheet. The new QM rule would recognize all residential ... » Learn More about Congress Passes Mortgage Act to Make it Easier to Get a Mortgage, But Don’t Count On It
What’s Happening With Real Estate Finance Legislation in Washington?
Hear the latest on what's happening in Washington DC, and how it will affect the real estate industry and consumers. As a California delegate, Ron Henderson will present an overview on what transpired at the National Association of Mortgage Professionals Legislative and Regulatory Conference. Hear ... » Learn More about What’s Happening With Real Estate Finance Legislation in Washington?