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

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google


To acquire or not to acquire?

A shifting marketplace makes acquisitions more difficult to assess
Stories of firms beating their own 2015 projections are widespread, which means the gaze for 2016 is shifting to future growth. It’s possible you are considering the on-boarding of new branches as a way to keep filling your origination coffers. It only takes one branch manager or regional manager changing employers to influence the migration of entire origination teams and change a firm’s future outlook.
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Monday Morning Cup of Coffee: 10 commandments for mortgage loan officers

And the truth behind home renovations
As the Thanksgiving holiday wraps up and the housing industry gears up for the end of the year, these two loan officers from Solano Mortgage published a hysterical piece on the Ten Commandments of applying for a home mortgage. Meanwhile, are you looking at the big picture when you choose to renovate your home? If not, it could cost you.
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The missing question in Yellen’s Congress discussion

What is next for national economic policy?
Federal Reserve Chair Janet Yellen achieved the primary goal of any new Fed chief and avoided any obvious land mines. But what was lacking in the dialogue, both from Yellen and the media, was a serious discussion of what’s next for national economic policy.
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Citigroup sued over billions in mortgage debt losses

PIMCO, other investors file lawsuit
Top banks are still dealing with the aftermath of the financial crisis. In the most recent court battle, Pacific Investment Management Co and other investors have sued Citigroup over the bank's alleged failure to properly monitor toxic securities backed by more than $13.8 billion in mortgage loans.
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It's official: Obama signs bill limiting Fannie, Freddie CEO pay

Bill received unanimous support in House, Senate
In what has become a complete and total rebuke of an effort put forth by Federal Housing Finance Agency Director Mel Watt to award $3 million raises to the CEOs of Fannie Mae and Freddie Mac, President Obama signed into a law a bill that caps the salaries of Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton.
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Feds announce 2016 threshold for smaller, 'higher-priced’ loan appraisal exemption

Exemption amount remains at same level as 2015
The Federal Reserve Board, the Consumer Financial Protection Bureau, and the Office of the Comptroller of the Currency announced the annual adjustment of the dollar amount used to determine whether a small loan is exempt from the special appraisal requirements that apply to higher-priced mortgage loans.
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Consumers make saving a main priority

Could this boost consumer spending?
The latest report from the Commerce Department said that consumer spending is barely increasing since households are taking advantage of rising incomes to boost savings to their highest level in nearly three years.
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New home sales beat expectations

Rise 10.7%
While sales of new single-family houses in October beat expectations, it still remains volatile month-to-month. As one economist puts it, going forward, housing is likely to continue to be a positive contribution to headline activity although limited.
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