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Government mortgage loan demand drops as affordability issues loom

Housing Wire

But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Meanwhile, the conventional space – not offered or secured by a government entity – registered a 2.7% Department of Agriculture (USDA) and Department of Veteran Affairs (V.A.)

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State governments push to scrap the new LLPA fee changes

Housing Wire

A coalition of fiscal officers from 27 state governments called on the Biden administration and the Federal Housing Finance Agency (FHFA) to scrap the loan-level pricing adjustment (LLPA) fee changes that went into effect on May 1.

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Government to backstop mortgages over $1 million in 2023

Housing Wire

The federal government, through government sponsored enterprises Fannie Mae and Freddie Mac , for the first time ever will also back mortgage loans north of $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas at $1,089,300 — or 150% of $726,200.

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Government Forum Unites Mortgage & Government Thought Leaders

Appraisal Buzz

Five Star’s virtual Government Forum assembled leaders from the mortgage space and regulators for a day of topical discussions and sessions shedding insight into what lies ahead for mortgage professionals as they emerge from the pandemic.

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Can Government Reform Government?

George Dell

So what about government? Can government agencies (such as FFIEC and the […]. The post Can Government Reform Government? And we see the “American Dream” may be just a dream. And what part might appraisals play in these issues? More importantly, what keeps us from implementing solutions?

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. The post FHFA: Government to back mortgages up to $970,800 in 2022 appeared first on HousingWire.

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The appraisal industry’s governance problem

Housing Wire

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The post The appraisal industry’s governance problem appeared first on HousingWire.

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