Posts Tagged ‘mortgage news’
2023 Conventional Loan Limits
The Federal Housing Finance Agency (FHFA) has released the loan limits for 2023. With this announcement, FHFA has effectively raised the limit on how many dollars can be borrowed using Fannie Mae & Freddie Mac Conventional loan products. The loan limits increased across the nation, with variances in the increases for “high cost areas”, and…
Read More2022 Conventional Loan Limits
Each year toward the end of November, FHFA (Federal Housing Finance Authority, the agency overseeing Fannie Mae & Freddie Mac) releases updated loan limits for the following year. This sets the maximum amount of money that can be borrowed under conventional lending guidelines. Today’s announcement informed us that for 2022, conventional loan limits will be…
Read MoreVA Mortgage Loans Getting More Restrictive
Predatory lending. Churning. Taking advantage of borrowers. These are words and phrases that should be only distant memories of the pre-housing crash mortgage market of the early 2000s. Unfortunately though, they’ve all been brought up in today’s marketplace as well, specifically when it comes to VA mortgage loans and recent actions taken by Ginnie Mae…
Read MoreDoes Experian Boost Work?
Experian, one of the 3 major credit bureaus, has recently rolled out a marketing campaign to highlight their ‘Boost’ product – one which a customer can use to report accounts that traditionally do not get reported to the credit bureaus, to increase their credit scores. Sounds great, right? Well to see a…
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