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Mortgage News Daily

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Conforming Loan Limits 2013; Expiring Mortgage Forgiveness Act; DeMarco Optimistic
Posted to: Daily Newsletter
Thursday, November 29, 2012 4:40 PM

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Nov 29, 2012 1:46PM

Conforming Loan Limits Remain at 2012 Levels

The maximum dollar limits for conforming mortgage loans will remain unchanged for Freddie Mac and Fannie Mae in 2013 . The GSEs' conservator, the Federal Housing Finance Agency (FHFA), announced on Thursday that the baseline limit that will apply to most of the country will be $417,000 for one unit properties. Differing limits, ranging as high as $625,000, will prevail in so-called "high cost" counties but in each instance will remain the same as in 2012. Loan limits are established each year under...

Nov 29, 2012 9:23AM

Letters seek Congressional Action on Expiring Mortgage Forgiveness Debt Relief Act

Three financial services and consumer advocacy groups have joined to send letters to the House and Senate urging them to preserve the temporary tax exemptions for forgiven debt . The Financial Services Roundtable, the Center for Responsible Lending, and the Housing Policy Council sent the letters Wednesday to the chairs and ranking members of the House Committee on Ways and Means and the Senate Committee on Finance. The groups are petitioning for an extension of The Mortgage Forgiveness Debt Relief...

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MBA’s Stevens Asks Congress to Reconsider Increasing Fannie/Freddie Guarantee Fees

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ECON: Pending Home Sales Much Stronger Than Expected

9:48 AM:

Bond Markets Struggle Near Unchanged Levels

8:49 AM:

ECON: Jobless Claims Slightly Higher Than Expected

8:43 AM:

ECON: GDP Slightly Lower Than Expected, Consumer Spending Decelerates

3:11 PM:

Ongoing Negative Reprice Risk As MBS Push To New Lows

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ECON: Beige Book Shows Fiscal Cliff On The Radar

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Today's Comments

josh darrimon

"I couldn't agree more with the synopsis. HUD is going to push the stronger borrowers into conventional programs and leave HUD with the riskier and..."

Frank Ceizyk

"So you are a current disgruntled originator--or simply a "consultant" who sits in judgment over other peoples work with no originating experience..."

Ryan Frost

"Why not allow post 6/09 FHA borrowers to refinance, pay 1.5% UFMIP and grandfather their current monthly MI? This would create a major influx of quick..."

Today's Q&A

"How do I add my spouse & child to the deed?"

"would a felony conviction stop you from obtaining realtor license in Pa"

"Mislead by company representative?"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 10.03%
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  • Refinance Index 11.33%
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  • Purchase Index 8.43%