MISMO released final standards for remote online notarizations, aiming to help adoption of digital mortgages. Business is booming, according to a provider of remote online notarizations.
Annual adjustments in the GSE loan limit are required by law and FHFA regulations peg them to changes in an index of average house prices maintained by the agency. As of the most recent reading, the loan limit will easily climb over $500,000 in 2020, a threshold that will get people’s attention.
The CFPB received numerous comments on its plan to adjust standards for qualified mortgages. However, industry stakeholders are divided on what steps the bureau should take.
Some $57.16 billion of residential mortgages with a business or commercial purpose were originated during the review period, accounting for 3.7% of total originations.
One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...