Speculation is rampant that the Trump administration will appoint a new director of the Federal Housing Finance Agency who will begin carving away chunks of the single-family mortgage business that Fannie Mae and Freddie Mac now finance in conservatorship.
The Federal Housing Finance Agency announced last week that it was increasing the maximum conforming loan limit for 2019. For most counties, the new limit will be 6.9 percent higher at $484,350. The increase, while routine, has both supporters and critics.
Purchase loans accounted for over 80.0 percent of third-quarter production at Wells Fargo, PennyMac Financial, Caliber Home Loans, U.S. Bank and Amerihome…