Today is about the day when you have to think twice about wishing anyone, “Happy New Year.” Okay, maybe tomorrow. There’s a lot of news out there to start 2022, including mortgage news. Moves by Freddie, Fannie, FHA, and VA have a ripple effect on the jumbo and non-Agency market as well. We were reminded of this yesterday when Freddie Mac and Fannie Mae, via their conservator FHFA, publicized April changes to their loan level price adjustments. Freddie announced “…changes to our Credit Fees in Price for super conforming mortgages and mortgages secured by second homes. We are making these updates in light of the significant increase in the 2022 loan limits and under the guidance of the Federal Housing Finance Agency (FHFA). These updated fees are effective for mortgages with settlement dates on and after April 1, 2022.” Freddie & Fannie’s change, although the industry has nearly three months to adapt pricing, is a huge adjustm
SALTILLO ⢠Saltillo voters will have two or more mayoral candidates from which to choose when they got to the polls later this year.
Incumbent Rex Smith qualified for re-election on Jan. 4 as a Republican; current alderman Copey Grantham said he plans to qualify Monday as a Republican; and Saltillo police officer Dylan Whitt said he is considering a run for mayor. If he runs, it will be as a Republican.
In an exclusive interview with the Daily Journal, Grantham, 36, said he had originally planned to run for his current position as city alderman for another term, but recently decided to aim for the higher position in city government.