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 'HUD'


HUD settles with Mortgage One for requiring borrower to provide proof of disability

Michigan lender accused of asking for doctor's note
The Department of Housing and Urban Development announced Tuesday that it reached a settlement with a Michigan-based lender over discriminating against a borrower with disabilities. The man alleged that before closing on the loan, Mortgage One requested that he provide verification from his doctor that his disability was permanent.
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Here's everything the GOP candidates said about housing in the fourth debate

One common theme: Too much regulation
This is just one interesting quote from the debate. Fiorina: "And now what do we have with Dodd-Frank? The classic of crony capitalism. The big have gotten bigger, 1,590 community banks have gone out of business, and on top of all that, we've created something called the Consumer Financial Production Bureau, a vast bureaucracy with no congressional oversight that's digging through hundreds of millions of your credit records to detect fraud."
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A day in the life of HUD Secretary Julián Castro

Photo essay shows what it’s like to lead HUD
In a fascinating look behind the scenes into the life of one of housing’s biggest players, New York Magazine published a photo essay recapping one day with Julián Castro, the secretary of the Department of Housing and Urban Development. Here's a taste of it.
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Executive Conversation: Patrick Nackley on the perils of hazard claims

Superior Home Services manages the opportunity in HUD default properties
As servicers try to comply with HUD mandates, they can get backlogged and end up filing hazard claims on every damaged property just to be safe. While that’s understandable, it means they have to be careful about how the claim funds are managed after settlement. HUD routinely demands claim settlement funds be used to get the damaged property into pre-loss condition. So a short-term solution to one issue can invite additional obligations for the servicer.
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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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HUD proposes new rule to further protect victims of harassment

Would formalize standards for bringing harassment claims under Fair Housing Act
Victims of harassment in housing may soon have more protection thanks to a new rule proposed Wednesday by the Department of Housing and Urban Development. The proposed rule would formalize the standards for victims of harassment in housing to bring claims under the Fair Housing Act.
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[Video] MBA's Stevens details False Claims risk

Here’s what the government needs to do
David Stevens, CEO of the Mortgage Bankers Association, sat down with HousingWire to outline the issues banks are having with the new regulations from the Department of Housing and Urban Development under the False Claims Act. Watch this video to see what Stevens says the government needs to do.
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