Predicated on latest congressional testimony, current home purchase mortgage loans was protected because of the FHA and securitized by Ginnie Mae; the majority of mortgage loans ordered has just of the Fannie mae and Freddie Mac has refinanced established mortgages.

S. 1217 , the fresh Houses Financing Reform and Taxpayer Cover Work away from 2013, manage reduce the restriction higher-costs limit of 150% of your own federal maximum ($625,500) to help you 130% of one’s federal limit ($542,100). H.Roentgen. 2767 , new Securing American Taxpayers and you can Home owners (PATH) Act from 2013, you may slow down the large-rates limitation to $525,five-hundred. [Read more…]