Posted To: Pipeline Press
Remember when everyone waited with bated breath for Fannie & Freddie’s loan limit announcement? (It happens every year around Thanksgiving, in recent years after the FHFA releases its home price index.) But that was in the days when jumbo rates were much higher than conventional conforming rates. Now plenty of banks are hungry for jumbo loan assets, there aren’t the g-fee hits with jumbo loans, and some of the loan level pricing adjustments are less, so rates have dropped. In many parts of the nation jumbo rates are more attractive than those offered by F&F. But conforming loans represent a large portion of the market, and the new limit gives us a feeling for how housing values have done over time. And so, we wait. Flood Update A few weeks ago, by a 237-189 vote, largely...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2Burcif
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