Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"The surge in home prices during the pandemic could fuel the biggest dollar increase in the conforming loan limit for Fannie Mae and Freddie Mac in records dating to 1970."

"Recent home price trends suggest that in terms of raw dollars, the conforming loan limit will make its biggest leap ever on Jan. 1, increasing by more than $75,000. In percentage terms, the increase may fall short of the record 15.9 percent jump seen in 2006."

The FHFA typically releases the conforming loan limit for the year ahead in November, when it publishes the HPI for the third quarter. Even though the official conforming loan limit won’t be known until the third quarter data is available, lenders who are offering “conforming loans” of up to $625,000 seem to be on safe ground.

PennyMac is offering the following expanded conforming loan limits through the company’s broker and correspondent channels:

One-unit properties: $625,000
Two-unit properties: $800,250
Three-unit properties: $967,250
Four-unit properties: $1,202,000

https://www.inman.com/2021/10/05/fannie-freddie-loan-limits-set-for-record-50-year-leap-in-2022/