And you look at Phoenix, for example, has been something that has required the whole mortgage industry to have to reprice and shift and change their model for everything. ![]() That's a lot because of the fact that the S&P CoreLogic Case-Shiller Home Price Index showed a 19.5% annual gain in September prices across the board, even though it's mostly been focused in a lot of these high pressure markets. ![]() ![]() ![]() BRIAN CHEUNG: Yeah, well, I think that certainly Fannie Mae and Freddie Mac still being in conservatorship, you know, what, over 10 years since the financial crisis has definitely been something that has been drawing the ire of a lot of those down in the Washington Beltway circle and also those who have been stuck holding the bag with these shares of Fannie Mae and Freddie Mac over that decade period.īut of course, I think that when we talk about what's going on specifically with the news this week, it really has more to do with the rising prices in the housing market, again increasing the maximum size of the home mortgage loans that are eligible for the government backing that Fannie Mae and Freddie Mac do, going up to, what, $970,000 and change next year and especially those high cost markets.
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