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Dec 16, 2015 12:30 PM

FHA to Increase Some Loan Limits in 2016

The Federal Housing Administration announced Dec. 9 that it will raise loan limits in 188 counties in 2016, HousingWire reported. However, loan limits in "high-cost" areas will remain at the national ceiling of $625,500 and limits for "low-cost" areas will stay at $271,050.

Dec 16, 2015 08:00 AM

Appraisers Should Be Cautious of MLS Price Discrepancies: The Appraisal Journal

Prices reported in multiple listing services may differ significantly from prices reported on HUD-1 settlement statements and these discrepancies are likely to be larger during a market bust, according to an article published this week in The Appraisal Journal.

Dec 09, 2015 12:30 PM

Fed Restricts 'Too Big To Fail' Bailouts

The Federal Reserve Board of Governors on Nov. 30 approved a final rule restricting its emergency lending program from bailing out troubled financial institutions, HousingWire reported. The Fed will cease financial support to specific companies, and will only consider emergency lending for "broad-based" issues impacting larger market concerns.

Dec 09, 2015 12:30 PM

Quicken Loans May Ditch FHA Loan Program

Quicken Loans is considering leaving the Federal Housing Administration's first-time homebuyer program after voicing concerns about the FHA's methods for resolving unpaid loan obligations, Reuters reported Dec. 2. Quicken joins JPMorgan Chase, Bank of America and Wells Fargo in voicing frustration with the program.

Dec 09, 2015 12:30 PM

HUD Warns of Fraudulent, Inflated Reverse Mortgage Appraisals

The Office of the Inspector General for the U.S. Department of Housing and Urban Development on Nov. 30 warned of fraudulent appraisals being used to boost loan amounts for the refinancing of HUD's Home Equity Conversion Mortgages, HousingWire reported. Some appraised values were inflated by 60 to 100 percent more than actual market values.

Dec 02, 2015 12:30 PM

FHFA: Few Changes to 2016 Conforming Loan Limits

The Federal Housing Finance Agency announced Nov. 25 that conforming loan limits will remain at $417,000 for loans acquired by Fannie Mae and Freddie Mac in most of the U.S. in 2016, HousingWire reported. The limit will rise in 39 “high-cost” counties, including some in California, Massachusetts, Colorado and Washington.

Dec 02, 2015 12:30 PM

Survey: Lending Not Delayed by TRID

Concerns about lending delays caused by the TILA-RESPA Integrated Disclosures Rule that took effect in October appear unfounded, according to a Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, HousingWire reported Nov. 23. The total average closing time for most loan types remained relatively unchanged between September and October.

Dec 02, 2015 12:30 PM

Google Launches Mortgage Comparison Tool

Google is rolling out a mortgage comparison tool through its Compare service, a move that will give homebuyers another way in which to shop for a mortgage, HousingWire reported Nov. 23. The comparison tool currently is available only in California, with more states to follow.

Nov 25, 2015 12:30 PM

Rising Valuations Means Uncertain Commercial Market

Some investment managers reported worrisome signs in commercial mortgage-backed securities due to loosening underwriting standards, and while they noted the market appears "frothy" as a result of high commercial valuations, they aren't yet forecasting a bubble, Bloomberg Business reported Nov. 18.

Nov 25, 2015 12:30 PM

Errors Abound in CFPB Complaint Portal

The Consumer Financial Protection Bureau's consumer complaint database allegedly is riddled with errors and distrusted by some of its own employees, according to internal documents and interviews with current and former agency officials, National Mortgage News reported Nov. 18.

Results: 541 Articles found.

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