Will Larger Conforming Loan Limits Bring a Housing Crisis?
Will Larger Conforming Loan Limits Bring a Housing Crisis? Home prices have been on the rise in a very quick manner for some time now and they do not appear to be hugely slowing down. A large reason for the increase in home prices is low mortgage rates that have...
New Mortgage Program Proposal
Recently five US senators introduced a bill that could help families with modest means build wealth through homeownership. This new proposal is called the LIFT Act, or Low-Income First-Time Homebuyers Act, and is currently only a bill. This new bill is hoped to...
Solutions for the End of Mortgage Forbearance
Shortly after the pandemic began, the government put into place protections that required mortgage lenders to offer mortgage forbearance programs for homeowners that saw themselves struggling to make ends meet while things were shut down. These Covid relief...
Mortgages Near $1 Mill. Backed by Fannie Mae and Freddie Mac
For many years the federal entities of Fannie Mae and Freddie Mac would back mortgages and purchase them from lenders within certain rules. Traditionally Fannie Mae and Freddie Mac set a limit on how much a mortgage lender can lend out for them to guarantee and back a...
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