MBA Chart of the Week: Average Loan Size to First-Time Home Buyers

On average, the size of a first-time home buyer’s mortgage was $231,974 in the first three quarters of 2018, based on loan acquisitions data from Fannie Mae and Freddie Mac. This represents a 4.2% increase over the average size of $223,000 for mortgages to first-time home buyers originated in 2017 and an acceleration from the 1.8% annual gain in 2016.

FHFA Increases 2020 Maximum Conforming Loan Limits to $510,400

The Federal Housing Finance Agency yesterday announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the 2020 maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350.

FHFA Increases 2020 Maximum Conforming Loan Limits to $510,400

The Federal Housing Finance Agency today announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the 2020 maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350.

FHFA to Re-Propose Enterprise Capital Rule in 2020

A year after proposing regulations on capital requirements for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency yesterday said it plans to re-propose the entire regulation some time in 2020.

People in the News

The Mortgage Bankers Association promoted Rob Van Raaphorst to Vice President of Communications, responsible for shaping the Association’s overall public affairs strategy as well as overseeing all aspects of media relations, member communications and video content development.

Homeowners Today Staying in Homes Five Years Longer Than in 2010

Redfin, Seattle, said the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all 55 metros Redfin analyzed, leading to decreased inventory available for first-time home buyers in many places.

FHFA Issues RFI on Fannie Mae, Freddie Mac UMBS Pooling Practices

The Federal Housing Finance Agency yesterday issued a Request for Input about Fannie Mae’s and Freddie Mac’s pooling practices for the formation of “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities.