Announcement 2021- 087 - Conforming Loan Limits Update

Conforming Loan Limits Update

Federal Housing Finance Agency (FHFA) announced an increase to the maximum conforming loan limits for 2022. Newrez is working to update our systems to support the new loan limits. You will receive an update once the 2022 loan limits are effective in our systems.

 

Based on FHFA’s announcement, Fannie Mae and Freddie Mac have announced the following:

  • Fannie Mae’s Desktop Underwriter (DU) will be updated on or after the weekend of December 4, 2021.
  • Freddie Mac’s Loan Product Advisor (LPA) will be updated by December 5, 2021.

 

A separate communication will be issued for FHA and VA.

Resources

The following resources are available:

  • Newrez Announcements located on the Credit Policy and Product Development intranet site in the Newrez Lending Library
  • FHFA
  • Fannie Mae Lender Letter LL-2021-16
  • Freddie Mac Bulletin 2021-36