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 nonbanks — PennyMac, Homepoint, United Wholesale Mortgage, and Rocket Mortgage — announced that they would all be upping their conforming details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com