The government sponsored enterprises of Fannie Mae and Freddie Mac have established the conforming loan limits for 2014. There are no major changes to these levels, which haven’t been altered in the previous nine years. The goal of the current limits has been to allow homeowners and buyers to have access to as many government-backed affordable home loans as possible….
January 2014
New rules will be coming into effect for the Qualified Mortgage stipulations starting in early 2014. Let’s review some of the most important facets of these new rules to get you up to date. What’s A Qualified Mortgage? A qualified mortgage came about under the Dodd-Frank Act, which was passed in 2010. This rule creates new categories of mortgages that…