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Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023
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Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023

Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Market, Housing Policy, Monetary Policy, Mortgages

Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023

Fannie Mae and Freddie Mac conforming loan limits will jump to over a $million in January 2023. American taxpayers will be backstopping loans in expensive coastal counties for up to $1,089,300. That's up from the limit of $970,800 this year. Most conforming loans will be subject to the new loan limit of $726,200 in 2023. That's a 12.2 percent increase from the current limit of $647,200. Fannie Mae's Lender Letter (LL-2022-06) explains the nuts and bolts of the new changes. The new tables have the loan limit for single-unit structures in Denton County Texas at [...]

By Aaron Layman|2024-05-12T14:47:26+00:00November 30th, 2022|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Market, Housing Policy, Monetary Policy, Mortgages|0 Comments

Adverse Market Refinance Fee Pours Cold Water On Refi Party

The Federal Housing Finance Agency (FHFA) just poured cold water on the refi party with an Adverse Market Refinance Fee. Although rates may still be near record lows, come September 1st refinance mortgages will incur an additional 0.5% fee. Both Fannie Mae and Freddie Mac will be raising their fees for refinance mortgages as part of an effort to shore up capital reserve buffers. Apparently FHFA is worried about increasing risk of the GSEs loan portfolios. There are still close to 4 million American borrowers on mortgage forbearance programs. What happens when those programs end [...]

By Aaron Layman|2020-08-17T10:46:44+00:00August 13th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Policy, Mortgage Rates, Mortgages|0 Comments

Financialization Of Housing And The Disturbing Gap In New Home Sales

The financialization of the U.S. housing market has led to a rather disturbing gap in new home sales relative to existing home sales. This is a subject I was referencing this week when I mentioned the problem builders are facing with the lack of affordable land to build new homes on. Today the Census Bureau reported new home sales for January came in at a seasonally adjusted annual rate of 555,000. Previous months were also revised lower, with November taking a significant haircut. On a year-over-year basis January new home sales were up 5.5 percent. [...]

By Aaron Layman|2022-08-06T13:30:06+00:00February 24th, 2017|Economy, Housing Policy, In the Press, Markets, New Home Sales, Politics, Real Estate, Regulation, Spin Cycle, Video|0 Comments

"Could not have been more pleased with the entire process of selling my Katy house. Aaron was very professional and went out of his way to help kennel my dog before showings while I was at work. He had an outstanding knowledge of the entire real estate transaction process and was always very responsive to my questions. Would definitely recommend Mr. Layman to anyone I know!!"

Matt B., Home Seller

"Aaron helped us narrow down our choices and navigate the market. He is very knowledgeable about making a wise decision. He will help you find a house that you love and is a good financial decision."

Kristina R., Home Buyer

"Aaron was our realtor when we bought our house 13 years ago and he was our realtor when we sold our house in 2014. He is honest about the market and very helpful with all aspects of buying/selling a home. We would recommend him to anyone in need of realty services."

Paula O., Home Buyer & Seller

"We had several agents to choose from as we'd been in the area for several years. Aaron was an easy choice as he's knowledgeable and wasn't afraid to go after what's best for us, his clients! He kept us well informed throughout the process and was always prompt in answering questions from start to finish. We definitely recommend Aaron!"

Shanna K., Home Buyer

"Working with Aaron was the best decision we made when looking for a new home and selling our previous home. He is one of the most knowledgeable realtors in the area. He knows the numbers, the trends, and always has data to back up his recommendations and decisions. Likewise, he made the process simple and understandable at the same time. Aaron was always in our corner and always did his best to get the best outcome for us. I have recommended Aaron to many friends and family and would recommend him to anyone looking to buy or sell their home."

Angelo G., Home Buyer & Seller

Denton County Realtor Aaron Layman

940-209-2100

FHFA

Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023