Here’s how TRID is changing the mortgage industry

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs
Investments / The Ticker

NAR challenges FHFA on conforming loan limits

gloves fighting
/ Print / Reprints /
| Share More
/ Text Size+

Before the Federal Housing Finance Agency can lower the maximum loan amounts that Fannie Mae and Freddie Mac are able to purchase, they have to get through the National Association of Realtors, which challenged the regulators legal authority to make such a move.

Per The Wall Street Journal:

“If you had the authority to ignore the prohibition against reducing loan limits, what would prevent you from making other fundamental changes?” said Gary Thomas, NAR’s president.

“An arbitrary reduction in existing limits, in the hope it will encourage more private sector lending, is a social policy experiment that risks dampening or reversing the ongoing recovery in the housing market and the economy as a whole,” said Thomas.

Source: WSJ
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus