The conforming-jumbo business was booming in the third quarter, especially at Fannie and the VA. Meanwhile, the FHFA likely will boost the conforming loan limit to over $500,000 for 2020. (Includes three data charts.)
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The re-proposal means the industry can expect extensive revisions. Nevertheless, the FHFA said the move will not affect the timeline for the recap and re-lease of Fannie Mae and Freddie Mac.
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Craig Phillips, the former Treasury point man on housing reform, told industry insiders that the recap and release of Fannie and Freddie should “really respect the rights of the current shareholders.”
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Starting next week, mortgage loan originators that move from banks to non-banks or between states can operate with temporary authority. But there may be potential compliance risks, warned attorneys.
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