The Federal Housing Finance Agency today announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350. Read more
While there’s a push to digitize the home-closing process, eight in 10 consumers still prefer to complete their transactions in person.
According to a recent national survey by Solidifi US Inc., 81 percent of consumers would prefer to close in person. The survey reached 1,000 consumers who bought or refinanced their home in the past two years, asking them about their mortgage borrowing and transaction closing experience, according to Solidifi. The survey also found that 70 percent of consumers would like a more digital process at the closing table.