Two more lenders have joined the parade of early conforming loan limit boosters, Crosscountry Mortgage and Rate. They join United Wholesale Mortgage and Pennymac in being willing to underwrite loans up to $819,000 for future sale to Fannie Mae and Freddie Mac. Of the major lenders who have done so in the past, only Rocket […]
Rate, Crosscountry latest to boost conforming limits early Read More »
Key insight: The CDFI Fund is getting a supplemental application, putting it back on track to receive the funding apportioned by Congress. Look forward: But the Office of Management and Budget hasn’t given a timeline for when those funds will be disbursed, raising fears once again of pocket rescission. What’s at stake: Millions of dollars
CDFIs get a reprieve. Sort of. Read More »
Cities with younger, more mobile populations are set to benefit more from sinking mortgage rates, a new Realtor.com report found. More than 80% of existing mortgages have a rate of 6% or lower, meaning as rates approach similar levels, more homeowners will be brought back to the market. This especially is true in metros with
Youthful cities to benefit more by falling mortgage rates Read More »