Industry participants largely support a plan from the Federal Housing Finance Agency to tie adjustments of the conforming loan limits to the FHFA’s “expanded data” House Price Index. The extent to which conforming loan limits should be adjusted, however, remains a topic subject to debate. In May, the FHFA noted that home prices were close to recovering from the aftermath of the financial crisis, which could prompt an increase to the conforming loan limit. The $417,000 conforming loan limit took effect in 2006 and the FHFA was prevented from reducing the limit by the Housing and Economic Recovery Act of 2008. The FHFA proposed...
In particular, Wells said it would “withdraw from mortgage marketing services and desk rental agreements with real estate firms, builders and certain other referral sources.”
“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…
The lender could not provide any volume figures, but Logemann said one in 10 inquiries she receives “has some element” of a consumer who has gone through a foreclosure or short sale