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 'California housing'


Are we seeing the end of California's housing juggernaut?

Except for Silicon Valley, home-price appreciation has all but stopped
Home sale volume in the state of California continues to remain relatively low due to lack of available housing inventory and a decline in affordability, a report from PropertyRadar shows. And when it comes to home-price appreciation on a county-by-county basis, the news isn't quite so rosy.
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What’s California real estate going to do in 2016?

Sales expected to rise; price growth will slow down
While California’s housing market is expected to improve in 2016, a shortage of available inventory and continuing high costs are expected to limit it, according to a report released by the California Association of Realtors.
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Oakland sues Wells Fargo for mortgage discrimination

Becomes latest city to sue for allegedly steering minorities into high-cost loans
The city of Oakland, California is the latest municipality to sue one of the nation’s largest banks. The city accuses Wells Fargo of allegedly steering minority borrowers into higher-cost loans, which led to rampant foreclosures and neighborhood blight.
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Lawsuit: Ocwen sent false reports to consumer credit agencies

Homeowner wants court to revive suit alleging servicer violated consumer law
A homeowner in California is asking the Ninth Circuit to revive his putative class action lawsuit against Ocwen Loan Servicing for submitting false information to credit agencies. Judges seemed skeptical, suggesting Ocwen technically stayed in the confines of the law. You decide.
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This is why California is in the middle of another housing crisis

Affordability and mortgage lending issues abound
It’s ironic that when the first Millennials were born, their Baby Boomer parents couldn’t afford a home either. Looking back to October 1981, interest rates on a 30-year, fixed-rate mortgage exceeded 18%. It wasn’t until rates fell below 10% in 1986, and to the 7% range in the early 2000s, that affordability ceased to be a major impediment to homeownership. Today, California’s housing affordability problem is back and here's why.
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HUD to auction off San Bernardino’s severely delinquent mortgages

County once considered eminent domain in previous plan to aid borrowers
Later this month, the U.S. Department of Housing and Urban Development will auction off a special pool of the San Bernardino County’s severely delinquent mortgage loans though its Distressed Asset Stabilization Program, aiming to provide relief to borrowers.
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