Skip to main content

MBA, NAR and NAHB issue joint letter seeking extension of loan limits
Oct 28, 2009

The Mortgage Bankers Association (MBA), along with the National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB), has sent a letter to House Speaker Nancy Pelosi, House Minority Leader John Boehner, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell calling for an extension of the current loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). The current limits are slated to expire after Dec. 31, 2009. The letter explains that the market and consumers are already feeling the impact of the impending expiration of the existing limits. Therefore, the letter calls on Congress to act quickly in order to limit the uncertainty that is causing lenders to limit rate locks and refuse to underwrite some loans at current interest rates. For a copy of the joint letter, click here.
Oct 28, 2009
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Jan 09, 2023