Along with the increase to the baseline limit, caps on Fannie Mae, Freddie Mac and government-insured loans in high-cost areas would also rise, to as much as $760,000…
Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.
The decision, hinted at in numerous (recent) press briefings by FHFA Director Mark Calabria, is not expected delay to companies’ exit from conservatorship.
Guild Mortgage, the nation’s 20th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…