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 'Foreclosure'


RealtyTrac: Foreclosure starts post highest jump in more than four years

Should the industry be concerned?
Foreclosure filings in October were up 6%, primarily due to a 12% monthly jump in foreclosure starts. While the increase in foreclosure starts isn’t a giant surprise, it did exceed expectations. Add in even more dramatic monthly increases in certain states, and it's certainly a concern.
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Fannie Mae completes third non-performing loan sale

Fortress and Goldman Sachs named winning bidders
Fannie Mae announced the winning bidders for its third non-performing loan sale of approximately 7,000 loans totaling $1.24 billion in unpaid principal balance. Fannie said it offered the non-performing loan sales to investors and their servicers so they could help borrowers avoid foreclosure wherever possible by applying a wider range of loss-mitigation options than Fannie has available.
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CoreLogic: Foreclosures continue downward trend in September

Serious delinquency rate drops to new low
The national foreclosure inventory fell again in September, declining by 24.3%. "As we head into 2016, based on almost every major metric, the fundamentals underpinning the housing market are healthier than any time since 2007," said Anand Nallathambi, president and CEO of CoreLogic.
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RealtyTrac: Number of seriously underwater foreclosures falls to new low

Overall total of seriously underwater properties fell 500K in third quarter
The number of properties classified as “seriously underwater,” where the homeowner owes at least 25% more than the estimated value of the home, fell significantly during the third quarter thanks to a surge in home sales volume and prices, according to RealtyTrac’s Q3 2015 Underwater and Home Equity Report.
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Georgia real estate investor pleads guilty to bid rigging in foreclosure auctions

Feds snare ninth real estate investor for auction fraud in Georgia
A Georgia real estate investor pleaded guilty for conspiring to rig bids at real estate foreclosure auctions in Fulton and DeKalb counties in Georgia. According to an announcement from the Department of Justice, Morris Podber admitted that he conspired with other real estate investors to not bid against each other in public foreclosure auctions on certain properties.
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Missing husband texted son 'Did you hurt mom?'

Couple just lost multimillion-dollar foreclosure appeal
One unfortunate Connecticut couple, who just lost their latest appeal in a multimillion-dollar foreclosure case under bizarre circumstances, recently went missing. But while family members tell local media that they don't think it had anything to do with money, the case is no less a chilling read.
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Freddie Mac joins Fannie Mae in extending foreclosure timelines

Also raises number of allowable days for foreclosure proceedings in 33 states
On Thursday, Fannie Mae announced that it was increasing its maximum number of allowable days for a foreclosure sale in 33 states. But Fannie wasn’t alone. Freddie Mac also announced Thursday that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings in those same 33 states.
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Fannie Mae extends foreclosure timelines in 33 states

Raises number of allowable days for foreclosure proceedings
Fannie Mae announced that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings for much of the country. Click here to see where Fannie Mae just changed the foreclosure timelines.
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Seattle’s ‘Up’ house is getting its own movie

Edith Macefield fought encroaching development, story now Hollywood-bound
The tale of the small Seattle-area home that rose to fame after the owner famously turned down $1 million for her home even as a shopping mall was being built around her and was once used to promote the Disney film “Up,” because of its similarities to the movie, is now headed to Hollywood itself.
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