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Nonbanks quick to implement 2022 conforming loan limits

HW+ FHFA

On Tuesday, the Federal Housing Finance Agency revealed the much-anticipated conforming loan limits for 2022, with the baseline number jumping by 18% to $647,200. It’s the largest-ever annual increase in the size of loans eligible to be bought by Fannie Mae and Freddie Mac.

The figure, which is determined by a formula set by Congress, didn’t catch many nonbanks too off-guard. Back in October, a handful of nonbanksPennyMac, Homepoint, United Wholesale Mortgage, and Rocket Mortgage — announced that they would all be upping their conforming details ⇒

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