Mortgage Loan Limits Archive

Thomas Presses on Gov’t Backing, Loan Limits

NAR President Gary Thomas in testimony before the Senate Banking Committee this week again took aim at a proposal floated by a federal regulator to reduce the size of loans that Fannie Mae and Freddie Mac can handle. Although...
October 30, 2013

Lenders: What’s Holding Back Loans

Despite the improving economy, home loans even for well-qualified borrowers are still unnecessarily hard to get and take too long, real estate practitioners say. But lenders take a different view. In a roundtable with three of the country’s largest...
March 13, 2013

Bernanke: Loan Standards Easing

One of the main questions hanging over the Federal Reserve’s plan to buy up to $40 billion a month in mortgage-backed securities (MBS) to help spur the housing market is whether continuing tight underwriting requirements will offset any positive...
September 20, 2012

Chase: Overlays are to Protect Loans, Not Avoid Repurchases

Two Chase executives hosted a webinar earlier this week to share with NAR members how their bank’s loan processing works. They talked about the documents they require borrowers to submit, the common application problems they’ve identified, and what some...
September 6, 2012

Independent Analysis: 60% of ‘Good’ Loans Wouldn’t Qualify Under QRM

The Center for Responsible Lending (CRL) and a research institute of the University of North Carolina just released the results of an exacting study on how borrowers would fare under different QRM scenarios and they don’t look good. Let’s...
January 31, 2012

Fed Says Tight Bank Policies Hurting Recovery

The Federal Reserve urged lawmakers and the administration this week to take a more hands-on approach to the housing market because the market’s continued struggles is holding back strong economic recovery. In a report it just sent to legislative...
January 5, 2012

On Loan Limit Drop, Middle Faces Hard Hit

Time is running short for Congress to prevent FHA and conforming loan limits from reverting back to 2008 levels. The current limits expire Sept. 30 and will drop from 125 percent of the area media home price (and a...
September 23, 2011

Exotic Loans Behind Taxpayer ‘Payment Shock’

By Robert Freedman, senior editor, REALTOR® Magazine Cato Institute analyst Mark Calabria in his piece, Housing Market Will Be Fine Without 30-Year Fixed Loans (Investor’s Business Daily, March 17),  argues that the stability provided to households from the 30-year, fixed-rate...
March 17, 2011

Stevens: Banks Hurting Creditworthy Buyers

By Robert Freedman, Senior Editor, REALTOR® Magazine When you look at the success of FHA over the last few years since the downturn you have to wonder what’s up with the banks. Although the agency has had its credit...
November 5, 2010

Help For Understanding Wall Street Reform

By Robert Freedman, senior editor, REALTOR® Magazine The Wall Street reform law that President Obama signed several weeks ago is huge but only a portion of it directly impacts your business as real estate brokers and sales associates. Right...