Quick news from the world of mortgage lending.

The FHFA announced new conforming limits for 2021. In 2021, the maximum conforming loan limit for one-unit properties will be $548,250, a 7.2% increase from $510,400 in 2020. The new ceiling loan limit for one-unit properties in most high-cost areas will be $822,375 — or 150 percent of $548,250...

The FHFA also announced that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until December 31, 2020. The changes are to ensure continued support for borrowers during the COVID-19 national emergency...