GSE’s

More Intervention Won’t Fix the Housing Market

More intervention won't fix the housing market. This simple truth is obvious to most serious practitioners in the industry. The current affordability challenges facing the U.S. real estate market go well beyond interest rates. Truth is irrelevant to many politicians in an election cycle, so the insanity and market tinkering continues. It was beyond absurd for the Trump administration to pitch the idea of a 50-year mortgage. That half-baked idea from FHFA director William Pulte Jr. fortunately had a fairly short news cycle. With midterms elections in focus and favorability ratings in the basement, Trump [...]

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 [...]

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