Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option
 

Have Questions? Call 949.973.0141

Industry Updates Category

Mortgage Loan Limits for 2019

Link to Mortgage Loan Limits for 2019 Big news! The Federal Housing Finance Agency (FHFA) just announced their 2019 loan limits. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. According to FHFA’s Home Price Index, home prices rose 6.9 percent, on average, between the third quarters of 2017 and 2018. As a result, the baseline maximum...[...]

Federal Housing Finance Agency Ruled Unconstitutional

Link to Federal Housing Finance Agency Ruled Unconstitutional Who or what are the FHFA and why do they matter? The Federal Housing Finance Agency was formed in 2008. In technical terms it was tasked with overseeing the Federal Housing Finance Board (FHFB) and the Office of Federal Housing Enterprise Oversight (OFHEO). Both of those organizations are now dissolved and in a nut shell, the FHFA oversees Fannie Mae and Freddie Mac. Their objective was...[...]