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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 |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
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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 |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
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Market Chaos Hits Mortgage Market, iBuyers Disappear

Chaos is hitting the mortgage markets, and iBuyers have suddenly disappeared from the real estate landscape quicker than a cat on a hot tin roof. The Fed is in utter panic mode, and we are only beginning to find out how fragile the U.S. economy really is. Here's the QE to Infinity announcement from the Fed: "Federal Reserve announces extensive new measures to support the economy." If you thought the Fed's response to 2008 was extreme, this week's actions by the Federal Reserve make 2008 look tame in comparison. During the height of QE 1, [...]

By |2022-08-06T13:24:23+00:00March 25th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgages, Texas Real Estate|0 Comments
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Higher Prices, Shrinking Homes – Denton County’s New Underwater Borrowers Found In HUD Annual Report

The Department of Housing and Urban Development's Fiscal Year 2018 report to Congress is filled with useful information on the state of the U.S. mortgage market. Contained within the 2018 annual report we can see where the latest crop of underwater borrowers are hiding in Denton County Texas. As the size of new homes continues to shrink, particularly for entry-level buyers, prices increases have begun to moderate or even decline in many areas. This poses a big problem for unsuspecting home buyers who have been roped into the housing market at the cycle peak with [...]

By |2018-11-28T01:29:11+00:00November 27th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Real Estate, Housing Market, Mortgage Rates, Mortgages, New Home Sales, Relocation|0 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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