Posts Covering Conforming Mortgages

Housing Crisis Definitely Over: Loan Limits Rise For First Time Since 2006

Loan limits for Fannie Mae and Freddie Mac are going up in 2017. Good news for everyone.

“Expensive” Homes Easier To Mortgage Under New Mortgage Rules

Fannie and Freddie have made it easier for home buyers in "high-cost" areas to get mortgage-approved. Rates are now lower and mortgage standards more loose.

2015 Conforming Mortgage Loan Limits For Loans Via Fannie Mae And Freddie Mac

Fannie Mae and Freddie Mac set conforming loan limits for the country. The complete 2015 loan limits, plus a lookup chart by U.S. county. Analysis and live rates.

Conventional Loan 3% Down Available Via Fannie Mae & Freddie Mac

Fannie Mae's Conventional 97 mortgage program is official. Just 3% down and ultra-low mortgage insurance rates. Easy-to-follow guidelines.

2013 Jumbo Loan Limits : Loan Sizes Up To $625,500

For 2013, conforming loan limits range to $625,500 for a purchase and $729,750 for a refinance.

Mortgage Rates : QE3 Benefits Sliced By New Mortgage “G-Fees”

QE3 is helping to lower mortgage rates, but its effects may not last for long. New g-fees are raising rates nationwide.

Improve Your Mortgage Approval : The Income-Equity-Credit Triangle

Mortgage underwriting may be strict, but there's no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.

The 2011 Refi Boom Begins : Should I Refinance My Mortgage?

You can't control mortgage rates, but you can control your closing costs. Make the most of this Refi Boom -- go zero-cost refi. Here's how.

The (Forthcoming) End Of The $729,750 Conforming Loan Limit

Temporary conforming loan limits in high-cost areas are expiring. After September 30, 2011, places like Loudoun County, Virginia; Potomac, Maryland; and Marin County, California will face new, lower conforming loan limit sizes.

Winter 2011 : “Cheat Sheet” For The New Fannie Mae Guidelines

In Winter 2011, Fannie Mae changed its mortgage guidelines to favor personal income over personal assets. Check the "Cheat Sheet" to see how you'll be affected.

2011 Conforming Mortgage Loan Limits By County, Including “Normal” and “High-Cost” Areas

In 2011 -- for the 6th consecutive year -- the single-family conforming mortgage loan limit will be $417,000. The "high-cost" area program is extended, too.

Fannie Mae To Get Tougher On Mortgage Insurance, Income Levels and Credit Scores

For the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group's current "risk appetite, eligibility requirements, mortgage insurance options, and pricing" spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.

Have You Given Your Application Yet? In 5 Days, New Mortgage Guidelines Go Into Effect And They’re Harsh.

Effective Tuesday, September 1, conforming mortgage approvals are due to toughen up again. Fannie Mae is imposing strict new lending guidelines that should slow down purchase and refinance activity in Cincinnati and parts elsewhere. It's the first major conforming mortgage guideline change since April and this one is a big one -- 15 separate underwriting areas are affected.

Fannie Mae Toughens Guidelines On 2-Unit Homes, Trailing Spouses And Retirement Portfolios

Mortgage approvals are getting more difficult. Again. After reviewing recent unemployment data and market fluctuations, plus patterns of mortgage fraud, Fannie Mae is making major mortgage guideline changes for the first time in more than 6 months. The changes are broad, impacting 15 separate areas of the mortgage approval process. The most impactful change may be Fannie Mae's new restrictions on mortgages for 2-unit properties.

2009 Conforming Loan Limits : Temporary Increases And Sub-Area Snubs

The government published its 2009 Conforming Loan Limit guidance Monday. Listed by county, the report grants 324 parts of the country a temporary boost beyond the

Starting December 13, 2008, Many Mortgage Approvals Will Require Larger Downpayments And More Home Equity

In a move that will stymie thousands of would-be home buyers and homeowners, Fannie Mae announced another round of mortgage guidelines changes last week. Unlike past revisions in which Fannie Mae tightened debt ratio and credit scoring requirements, however, the newest underwriting updates zero in home equity and home buyer...

Fannie Mae’s Last Act : New Loan Fees And Maximum Property Restrictions For Real Estate Investors

For owners of investment properties, the mortgage market is getting ugly. In its last act as a semi-private company, Fannie Mae updated its lending guidelines Friday, this time slapping new restrictions and additional fees on income-producing properties. The most impactful change is Fannie Mae's new, 4-property limitation. Based on the...

Explaining What The Government’s Takeover Of Fannie Mae and Freddie Mac Means To Mortgage Rates (In 265 Words)

Sunday, the government announced that it will takeover Fannie Mae and Freddie Mac and assume their respective operations. Mortgage-backed debt is now government debt. But for all the front page stories today, there's suprisingly little coverage about how the news impacts homeowners in need of a mortgage. Mortgage rates are...

Interview With First Business : New Fannie Mae and Freddie Mac Loan Fees

I spoke with Beejal Patel of First Business last week on Fannie Mae and Freddie Mac's new mandatory loan fees. The story is especially timely because mortgage servicing data showed that a greater number of "prime" mortgages defaulted in July 2008 than sub-prime ones. Now, the data is somewhat misleading...

What Is A “Conforming Mortgage”?

Lately, Fannie Mae and Freddie Mac have been in the news every day as economists and lawmakers question the future of conforming mortgages. But among everyday Americans, a more common question is: "What is a conforming mortgage?" A conforming mortgage is one that adheres to the mortgage guidelines set forth...

2016 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)