Zayo has completed an amendment of its credit limit, increasing its $1.6 billion term loan facility by $150 million to $1.75 billion.
Alamy By Margaret Chadbourn WASHINGTON -- The maximum size of U.S. home loans that taxpayer-owned Fannie Mae and Freddie Mac can buy will hold steady next year, their regulator said on Tuesday, deferring a decision on when to pull back...Show More Summary
Real estate industry groups are welcoming today’s announcement by the federal regulator that oversees Fannie Mae and Freddie Mac that it won’t reduce the $417,000 conforming loan limit that’s the ceiling for the mortgage giants in most markets. The Federal...
Evening Headlin es Bloomb er g: China Said to Plan Crackdown on Banks’ Evasion of Lending Limits. China has drafted rules banning banks from evading lending limits by structuring loans to other financial institutions so that they can be recorded as asset sales, two people with knowledge of the matter said. Show More Summary
From the FHFA: FHFA Announces Fannie Mae and Freddie Mac Conforming Loan Limits for 2014The Federal Housing Finance Agency (FHFA) today announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie...Show More Summary
The Federal Housing Financing Agency (FHFA) who oversees Fannie Mae and Freddie Mac, confirmed that conforming loan limits will remain unchanged from 2013 to 2014. This is great news as a few weeks ago, officials were indicating that we could see conforming loan limits reduced in early 2014. This means that a single family 1-unit […]
Edward DeMarco, Acting Director of the FHFA, pretty much confirmed that we can anticipate lower conforming loan limits next year. This is from his prepared remarks for “Getting Our House in Order”: “…one of the most direct ways to increase private sector participation and reduce taxpayer exposure is through a reduction in the maximum size […]
The Federal Housing Finance Agency has heard the real estate industry’s screams loud and clear and won’t reduce Fannie Mae and Freddie Mac’s $417,000 conforming loan limit until at least next spring, the Wall Street Journal reports. “Anything we do...
From Nick Timiraos at the WSJ: DeMarco: No Mortgage Limit Declines Before Spring 2014 (ht Soylent Green is People) Federal officials will delay any reduction in the maximum size of home-mortgage loans eligible for backing by Fannie Mae...Show More Summary
Federal officials will delay any reduction in the maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac until next spring at the earliest amid heavy resistance from the real-estate industry and many lawmakers in Congress.
For years, conforming loan limits much lower than those in cities like San Francisco and New York kept many move-up buyers from purchasing homes in Chicago, stifling property sales, HousingWire reports. But in 2013, jumbo loans — loans whose amounts...
Worried about a drop in the Fannie-Freddie maximum loan limits that could hurt home sales because buyers no longer can afford financing? Based on public statements from the conservator of the two companies — Ed DeMarco, acting director of the...
To get a sense of how difficult the process of overhauling Fannie Mae and Freddie Mac will be, witness the latest kerfuffle over whether the companies’ regulator should drop the maximum loan limits. In a letter released Thursday, some...Show More Summary
The government shutdown has entered its seventh day, the United States is ten days away from defaulting on its loans and John Boehner continues to insist that the House will not pass an increase in the debt limit without a “compromise” from President Obama on the Affordable Care Act, rich people legitimately just do not [...]
Starting Oct. 1, banks in New Zealand have less leeway in making home loans to buyers who can make only a small down payment. That's bad news for homebuyers seeking to place a first foot on the property ladder. But for the central bank, it's an attempt to head off a property bubble that would threaten the health of one of the best-performing developed economies.
WASHINGTON (Reuters) - Two powerful housing industry trade groups are asking U.S. lawmakers to prevent a government regulator from lowering the limit on the size of loans Fannie Mae and Freddie Mac can back, according to a letter obtained by Reuters on...
Reducing Fannie Mae and Freddie Mac’s loan limits would fly in the face of Congressional policies, the National Association of Realtors maintains in a letter to the mortgage giants’ federal regulator, which is reportedly planning to reduce the conforming loan...
A top housing trade group said Tuesday that the federal regulator for mortgage companies Fannie Mae and Freddie Mac doesn’t have the authority to lower the maximum loan amounts that the firms are able to purchase.
There’s been a lot of recent chatter about the possibility of conforming loan limits being reduced in 2014 that home buyers in the greater Seattle area and home owners should be aware of. Reuters reports that Denise Dunckel, a spokes person for the FHFA recently stated “a gradual reduction in loan limits is an appropriate and […]
Fannie Mae and Freddie Mac are expected to lower conforming loan limits for 2014. Here's what to expect, plus a loan limit lookup chart. Click for the complete post : 2014 Conforming Loan Limits : A Look Ahead For Fannie Mae And Freddie Mac.