Supply and Demand, a market concept that many of us studied in our first economics classes back in college. But never has this foundational economic fundamental meant more than in looking at how this impacts the year ahead in 2022. Take these few examples: While the economy was slowing beginning in 2018 followed by a …
Supply and Demand – An Important Understanding To What’s Driving 2022 Read More »
Baseline Conforming Limit Will Increase to $647,200 FHFA Announces Conforming Loan Limits for 2022 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the …
Many forecasters are calling for slower home price appreciation (HPA) and that is a very good thing. As Core Logic reported recently, home prices rose 18.1% year over year from August 2020 to August 2021. “Annual home price growth was the most that we have ever seen in the 45-year history of the CoreLogic Home …
Why Slowing Home Price Appreciation Is Good For Buyers And Sellers Read More »
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an increase of Loan Limits, Virginia Housing continues to provide special homeownership opportunities. Effective August 18, 2021: Untitled Document Area Maximum Gross Household Income Sales Price/Loan Limit 2 or Fewer …
Two questions continue to be asked of me. The first is, should I worry about rising prices and wait for the market to slow? The second is, is there a risk of a housing bubble like the Great Recession of 2008? The answer to both questions is, no! Housing prices are not on a verge …
By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles that have impacted housing. From the oil patch crisis in the eighties, the dot com bubble of 2000, to the Great Recession of 2008, and the most incredible year we …
David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage Bankers Association (MBA) from 2011-2018, the largest trade association globally for the mortgage finance industry. Prior to this role, Dave served as the US Assistant Secretary of Housing and Federal …
David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors Read More »
David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the Mortgage Bankers Association in Washington DC and served as the US Assistant Secretary of Housing and Federal Housing Commissioner for President Obama. By: David H Stevens, CMB. Dave is a …
The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut down and the President issued executive orders to slow the spread, families across the country were hit with concern and uncertainty. Would they get sick, would they lose their job, …
The Federal Reserve, the Housing Market, and Mortgage Rates Read More »
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will …
Winners will be announced at the Ellie Mae Experience 2017 user conference PLEASANTON, Calif. – January 10, 2017 – Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today announced the finalists for the 2017 Ellie Mae Hall of Fame awards, an honor given each year to mortgage companies that …
Ellie Mae Announces 2017 Hall of Fame Award Finalists Read More »
At George Mason Mortgage, the health and safety of our employees, customers and communities we serve are our top priority. As we continue to monitor developments from the coronavirus (COVID-19), we want to share some of the steps we have taken to continue operating in a safe and effective manner while helping those directly affected …
Response to the Coronavirus from George Mason Mortgage Read More »
As we look towards the end of 2019 and with thoughts about the new year ahead we can reflect on what has been a year of forecast revisions for home sales and mortgage volume. What began as an expectation for rising rates quickly evolved into the opposite as concerns about a global economic slowdown drove …
Looking At 2020 – A Year Of Opportunity For Home Ownership by David H. Stevens, CMB Read More »
I have spent almost four decades in the mortgage and real estate business. My career began as a loan officer, but ultimately led to senior positions as a US Assistant Secretary of Housing, the CEO of the Mortgage Bankers Association, the president of Long and Foster, SVP and head of single family lending at Freddie …
David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage Bankers Association (MBA) from 2011-2018, the largest trade association globally for the mortgage finance industry. Prior to this role, Dave served as the US Assistant Secretary of Housing and Federal …
David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors Read More »