Is it now time to finally raise conforming loan limits?
The chances the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is high now after meeting one certain condition.
Despite predictions that the loan limits would rise for 2016, the FHFA announced in November of 2015 that the conforming loan limits would remain unchanged for much of the country.
In the latest "3 points with Mat Ishbia," CEO of United Wholesale Mortgage, his second point centers on the GSE loan limits increasing.
“All indications are showing that at the end of November, the FHFA is going to announce that the loan limits are going to go up for the GSEs,” he stated.