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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Servicing / The Ticker

Chicago foreclosure filings rise 30% from Sept.

Remain well below year ago levels

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According to the Chicago Tribune, foreclosure filings in the Chicago area increased 30% from September to October, but remain well below year ago levels.

Overall foreclosure activity in the Chicago area dropped for the eleventh consecutive month, falling 5 percent in October from a month earlier and 35 percent from a year earlier.

Nationally, October foreclosure activity declined 28 percent from a year ago, but rose 2 percent from September, largely because of a 10 percent increase in scheduled auctions in states where courts process foreclosure cases.

Source: Chicago Tribune
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