Controversy regarding management bonuses at Fannie Mae and Freddie Mac was cited last week as a significant factor for lawmakers’ decision to reinstate temporary higher limits for mortgages insured by the FHA but not for loans backed by the GSEs.The “emergency” high-cost loan conforming loan limits enacted by Congress in 2008 for the GSEs and the FHA expired on Sept. 30, dropping the limit to $625,500 from $729,750.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.