FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

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Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
Servicing / The Ticker

'Fair Foreclosure Act' fails to live up to title

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House Bill 87 allows third-party lien holders—such as homeowner associations—to route foreclosures through an expedited process rather than through a typical court proceeding required by Florida law. (Florida is a judicial foreclosure state meaning that all foreclosures have to go through the court system.)

But instead helping distressed homeowners, HB 87 essentially strips them of basic legal rights. The bill acts sort of like Liquid Plumr, pushing foreclosures through the drain and turning the legal system on its head.

Source: U.S. News
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