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 'Housing Economy'


Case-Shiller: Home prices maintain steady pace, grow 4.9%

"Home prices and housing continue to show strength"
Home prices across the country continued to rise in September, maintaining a health pace toward normalization. Zillow Chief Economist commented on the report saying that the index continued to grow at a consistent pace as the summer came to a close, and in line with more recent data that continues to show stabilization in the U.S. housing market.
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Fannie Mae 3Q net income more than cut in half to $2B

Posts a $2.2B dividend obligation to Treasury
Fannie Mae recorded a third-quarter net income of $2 billion and comprehensive income of $2.2 billion, faring much better than Freddie Mac. However, unlike Freddie, Fannie reported a positive net worth of $4 billion, resulting in a dividend obligation to Treasury of $2.2 billion.
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Freddie Mac reports first loss in four years

Records net loss of $475 million
Freddie Mac's third quarter net income plummeted compared to last quarter, posting a net loss of $475 million for the third quarter of 2015, significantly down from $4.2 billion in the second quarter of 2015. However, this aside, Donald Layton, CEO, said, "The business had very strong fundamentals with growing volumes of guarantees and continued improving credit quality in the guarantee businesses."
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Nationstar 3Q earnings drop to $32 million

Servicing up, originations down
Nationstar Mortgage Holdings’ third-quarter adjusted earnings dropped to $32 million, compared to $35 million in the second quarter. However, despite the decline, Jay Bray, CEO, remained positive on the company's recent improvements.
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Third quarter GDP rises 1.5%

Slightly weaker-than-expected
While third quarter GDP came in slightly weaker-than-expected, the good news is that consumers were still out spending July to September, and businesses were still investing.
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Calling it: There won’t be a rate hike this week

The economy’s one golden goose is starting to lay lead eggs
I’m not exactly going out on a limb here with a wild bet, but I’m going to go ahead and call it that the Fed won’t be raising interest rates this week. They just don't have the will, even though they have to get it done sometime.
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New home sales collapse 11.5% in September

Northeast region hit hardest on annual and monthly basis
Sales of new single-family houses in September 2015 cratered to a seasonally adjusted annual rate of 468,000. The northeast was the hardest hit with a giant decline, but all four housing market regions saw declines from August. Here's more.
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