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'


Despite slow down, California housing still on target for 2015 forecast

Financial turmoil and global economy impact growth
Although California's housing market softened in October as both statewide sales and median price contracted from the previous month, it is still on target to meet forecast projections. If all goes according to plan, statewide sales are on track to finish the year with a mid-single-digit increase from last year.
Read More

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.
Read More

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.
Read More

California woman preyed on distressed homeowners, defied CFPB

Gets 70 months in prison
Najia Jalan received a sentence of 70 months in federal prison for her role in a scheme that involved Jalan falsely presenting herself as a member of the Department of the Treasury. And it doesn't end there. Jalan also pretended she was an attorney and defied a restraining order placed on her business by the CFPB.
Read More

Another one bites the dust: MERS wins again

California Third Appellate District Court affirms MERS’ rights to assign a mortgage
MERSCORP Holdings announced Monday that it secured another victory over a homeowner who challenged its authority to assign a mortgage. MERS had its authority upheld this time by the Court of Appeal of California for the Third Appellate District.
Read More

San Francisco to address skyrocketing housing costs

Plan calls for more affordable housing units for middle-income families
The city of San Francisco is moving to combat its rapidly rising housing costs. The city unveiled a new plan that offers more moderately priced housing in exchange for allowing builders to exceed the city’s current building height restrictions.
Read More

JPMorgan financing $100M Los Angeles ‘trophy properties’

Three estates available on Bel Air hillside
Buyers looking for the most extravagant of extravagance have that opportunity, courtesy of Junius Real Estate Partners, which is part of JPMorgan’s private bank. A team led by Junius and developer Domvs London are offering the uber-wealthy the chance to build a mansion overlooking Los Angeles, for the low starting price of $115 million.
Read More