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Pennymac increases its conforming loan limit to $802,650

Housing Wire

That condition was finally met in 2016 when the FHFA increased the conforming limits for the first time in a decade. Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2019: $484,350 — 6.8%

Mortgage 505
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FHFA conforming loan limits increase to $806,500 in 2025

Housing Wire

That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase

Finance 435
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Mobile home values rose 34% in the last 5 years

Housing Wire

A new LendingTree study found that mobile homes are cheaper and their values appreciated almost as quickly as single-family homes over five years, from 2016 to 2021. The states with the highest increase in the median value for mobile homes from 2016 to 2021 are Rhode Island, Nebraska and Idaho.

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Why a California law to create housing units hasn’t worked

Housing Wire

Ben Metcalf, of the the Terner Center for Housing Innovation at the University of California at Berkeley, said in February that the state has had 140 distinct pieces of legislation on housing affordability since 2016, but these laws haven’t made much impact in the permitting numbers.

Law 481
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Fannie Mae’s chief economist forecasts his own retirement

Housing Wire

Palim joined Fannie Mae in December 2009 and was promoted to deputy chief economist in July 2016, according to his LinkedIn profile. Duncan joined Fannie Mae after a 15-year stint as an economist at the Mortgage Bankers Association (MBA). He will assist with the transition and will leave Fannie on Dec.

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CoreLogic promotes industry veteran to lead real estate business

Housing Wire

Greene began his tenure at CoreLogic in 2016, where he held key roles in strategic leadership and sales capacities. . (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement.

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Fannie Mae, Freddie Mac conforming loan limits increase for 2021

Housing Wire

In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250. The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5%