While investors who “jumped the gun” on establishing their own conforming conventional loan limits ahead of the official proclamation at the end of November by the FHFA are wondering if they “spoke too soon” as values drop, time is rushing by. Kids are back in school, learning about Cuba and having pizza. We’re losing about 3 minutes of daylight a day. Children are picking out Halloween costumes. There are fake Christmas trees in Costco. We don’t turn back the clocks (daylight savings time in all the states except Arizona and Hawaii) for another month, November 6. Things are happening behind the scenes, and today’s Rich and Rob Rundown has Nadia Evangelou, the National Association of Realtor’s Senior Economist and Director of Forecasting, and Jim Parrott, a nonresident fellow at the Urban Institute and owner of Parrott Ryan Advisors. Topics will include FHA pricing moves, FHFA pricing moves, the FHFA on credit scoring models, forecasting the rest of ’22 and 2023, and shifts in homebuyer preferences – Millennials & Gen Z. It’s good to keep our collective eyes on the horizon because what’s under our feet is not good. According to Curinos, September 2022 funded mortgage volume decreased 57% YoY and 9% MoM. In the Retail channel, funded volume was down 61% YoY and 9% MoM. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures: more data here. (Today’s podcast is available here and this week’s is sponsored by Candor Technology, Home of the One Touch Underwrite, supporting lenders from Point of Sale to Post Close QC, to reduce repurchase risk, increase underwriter productivity by 400% and decrease turn-times by 10 days.)