Industry Watch: Homepoint raises loan limits, new San Diego branch for Nations Lending and more

CoreLogic and the Mortgage Bankers Association (MBA) are partnering to honor the late Frank Nothaft, the former CoreLogic chief economist and a prominent voice within the housing industry. The two organizations are establishing a fund to support graduate students in economics at Columbia University, Nothaft’s alma mater. MBA and CoreLogic have announced a goal to raise $250,000, making this an endowed fund that will provide a fellowship to one graduate student each year in perpetuity.

Nations Lending announced the opening of its newest branch in the Point Loma area of metropolitan San Diego. The company hired Lani Furrows and Andy Wagner as branch managers.

Homepoint announced that it is now offering expanded 2022 conforming loan limits for conventional products. The company is raising its cap on conventional loans ahead of the planned changes by the Federal Housing Finance Agency (FHFA) in November. Homepoint is now accepting expanded conventional conforming loan limits for homes with one to four units in all 50 states, starting at $715,000 for single-unit properties. The company is accepting higher limits for multiunit properties, and for homes in Alaska and Hawaii. This expansion will remain in effect until the 2023 FHFA conforming loan limits are implemented in December 2022.


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