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MCUA Files Comment Letter on ARM Look-Back Periods

Jun
19
MCUA Files Comment Letter on ARM Look-Back Periods

On Monday, June 9, the Missouri Credit Union Association (MCUA) filed a comment letter with the Department of Housing and Urban Development (HUD) supporting the agency’s proposal to align Federal Housing Administration (FHA) regulations with the requirements for notifying borrowe

Posted By Sharon Bahr read more

Maximum Conforming Loan Limits Remain Unchanged in 2012

Nov
28

 

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2012 will remain at existing levels. There is one exception - Fairfield County, Connecticut, where limits will increase. The maximum conforming loan limits for one-unit properties, which generally have applied to loans originated since October 1, 2011, are $417,000 in most locations, but are as high as $625,000 in certain high-cost areas in the contiguous United States.

Posted By Halley Hayden read more
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