The Federal Housing Finance Agency announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2016. Despite some predictions that the loan limits would rise for 2016, the FHFA said the conforming loan limits will remain unchanged for much of the country, but not everywhere. Click the headline for the complete details.
Mortgage rates reported little change for the week, with the average 30-year fixed mortgage rate staying just barely below 4%. Freddie Mac Chief Economist Sean Becketti noted that it’s a quiet week leading up to the Thanksgiving holiday.
Fannie Mae joins the electronic document revolution. The government-sponsored enterprise announced that it is partnering with DocuSign to provide an "easy, fast, and secure way" to execute agreements with Fannie Mae by allowing electronic signatures on several of its documents.
Perhaps constantly being under the microscope of regulators is having a positive impact on Ocwen Financial and its standing with its customers. According to a new report from the Consumer Financial Protection Bureau, complaints about Ocwen dropped by a significant margin in the last year.
The West Coast has dominated the top ten real estate market list for many months now, causing some people to be concerned that these market are overheated. In Pro Teck Valuation Services latest Home Value Forecast, it decided to put this concern to test.
Boston-based Placester, a real estate marketing platform, that has experienced significant growth in 2015, continued its strong year with the announcement that it raised $27 million in a Series C round of funding. Placester’s latest round of funding more than doubles the previous investments in the company, which totaled $23 million.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More