Ep #66 - What are the Conforming Loan Limits for 2020? + Aldo Martinez of LVR Market Forecast 2022

On Tuesday, the Federal Housing Finance Agency revealed the much-anticipated conforming loan limits for 2022, with the baseline number jumping by 18% to $647,200. It’s the largest-ever annual increase in the size of loans eligible to be bought by Fannie Mae and Freddie Mac. The figure, which is determined by a formula set by Congress, didn’t catch many nonbanks too off-guard. Back in October, a handful of nonbanks — PennyMac, Homepoint, United Wholesale Mortgage, and Rocket Mortgage — announced that they would all be upping their conforming loan limit to $625,000 for a one-unit property. Though the FHFA’s announced limits are 3% higher than the number that nonbanks were apparently coalescing around, several nonbank lenders moved swiftly to implement the new limits. _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Joe Dragon Attorney Dragon Law Group 702-688-5186 https://www.dragonlawgroup.com Special Guest: Aldo Martinez LVR President https://www.lasvegasrealtor.com/ ________________________ 🏡 FIND YOUR NEW HOME HERE! NEW HOMES FOR SALE North LAS VEGAS: https://myre.io/0qkKcAodVBBg NEW HOMES FOR SALE HENDERSON: https://myre.io/0jbpj9LBPLy NEW HOMES FOR SALE SUMMERLIN: https://myre.io/0YRnC8BAPXrl NEW HOMES FOR SALE LAS VEGAS: https://myre.io/0CMoiL45F7lt