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Tuesday, October 05, 2021

On Private Lenders Raising the "Conforming Loan Limit"

by Calculated Risk on 10/05/2021 12:33:00 PM

Today, in the Newsletter: On Private Lenders Raising the "Conforming Loan Limit"

Excerpt:

Some private mortgage industry participants have already increased their “conforming loan limits” in anticipation of the FHFA raising the CLL. This is NOT an official increase.
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Note that they are only raising the “limit” from $548,250 (low cost areas) to $625,000. That is a 14% increase, and the FHFA will probably increase the limit closer to 18% (like to around $645,000 or so).