Fannie, Freddie Loan Limits Largely Unchanged in 2016
The maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2016 will remain at current levels, the Federal Housing Finance Agency said on Wednesday.
The maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2016 will remain at current levels, the Federal Housing Finance Agency said on Wednesday.
More than 495,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 25,824 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2015 and into 2016.
The Federal Reserve today announced its plan for redistributing unclaimed funds from the financial regulators’ Independent Foreclosure Review process.
By a bipartisan 255-174 vote, the House today passed H.R. 1210, which would designate all mortgage loans that institutions originate and hold in portfolio as Qualified Mortgages and thus subject to the safe harbor provisions of the Ability-to-Repay Rule.
ABA and 53 state bankers associations today urged Congress to pass legislation (H.R. 1210) that would deem all mortgage loans that institutions originate and hold in portfolio as “qualified mortgages” for purposes of the ability-to-repay rule’s safe harbor provisions. The House is expected to vote on the bill this week. “Portfolio lending is among the
The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.07 percent — the first time since 2008 that the fund has reached the congressionally mandated 2 percent level
Regulatory relief is necessary to help banks better serve customers in West Virginia communities, said Alan Brill, chairman of the West Virginia Bankers Association, in an op-ed in the Charleston Gazette Mail today
The FHA in a letter today announced that effective immediately, it will loosen restrictions for one year on agency-backed condo loans while longer-term rules are established.
ABA, through its Corporation for American Banking subsidiary, has endorsed the D+H’s mortgage loan origination system, MortgagebotLOS, an all-in-one system that supports retail, wholesale and correspondent mortgage lending.