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

Items Tagged with 'NAR'


Despite decrease, existing-home sales maintain healthy pace

NAR: “Cooldown in October was likely given”
Although total existing-home sales decreased 3.4% to a seasonally adjusted annual rate of 5.36 million in October, Lawrence Yun, NAR chief economist, said a sales cooldown in October was likely given the pullback in contract signings the last couple of months.
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Pending home sales continue to cool off in September

Hit second lowest reading in 2015
Pending home sales continued to cool off in September, dropping for the second-straight month. According to the National Association of Realtors' chief economist, a combination of factors likely led to September’s dip in contract signings.
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Home sales beat expectations in September

September marks 12 months of consecutive annual sales gains
Existing-home sales bounced back very strongly in September, up 4.7% to nearly reverse the prior month's revised decline of 5%, a drop that now looks like an outlier on a steadily rising slope.
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White House absolutely wrong to threaten veto of TRID bill

A weakened administration looks to flex itself for no good reason
The White House is threatening to veto a wholly bipartisan House measure that would simply create a formal “hold-harmless” grace period for lenders and others in the industry operating under the new and incredibly complex TILA-RESPA Integrated Disclosure rule. Because reasons or something.
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Pending home sales decline 1.4% in August

Index gained on annual basis but well below analyst expectations
Pending home sales retreated in August despite analyst expectations of a 0.5% gain. According to the National Association of Realtors' chief economist, "There are looming speed bumps that have the potential to impact housing."
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Half of major metros on track to hit highest home sales since 2007

All-cash share rebound, FHA buyer share growing
Single-family home and condo sales through August were on pace for an eight-year high nationwide. According to the vice president of RealtyTrac, "The shockwaves from recent global stock market instability have not weakened the housing recovery and in fact there is evidence that the instability has fueled more demand for U.S. real estate."
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Existing home sales stall in August

Price growth slowdown doesn’t boost
Existing home sales dropped in August despite slowing price growth and a positive turnaround in the share of sales to first–time buyers. They say it's a seasonal slowdown but these numbers are seasonally adjusted. Trouble ahead?
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