Mortgage application activity inched up during the week ending Nov. 24, according to data from the Mortgage Bankers Association (MBA). The week’s results included an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage...
The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values for the mortgages on one-unit properties that Fannie Mae and Freddie Mac will acquire in 2024 will be $766,550, an increase of $40,350 from 2023. The FHFA adjusted the loan limit...
Charlie Munger, vice chairman of Berkshire Hathaway (NYSE:BRK.A) and the closest partner to the company’s founder and leader, Warren Buffett, passed away at the age of 99. Charles Thomas Munger was born on Jan. 1, 1924, in Omaha, Nebraska. During his teen years, he...
The real estate holdings of the iconic singer Aretha Franklin have been awarded to her three of her sons based on the instructions of a handwritten will found between cushions of the late star’s couch. The Associated Press reported the judge overseeing Franklin’s...
The Consumer Financial Protection Bureau (CFPB) has announced it is ordering Bank of America (NYSE:BAC) to pay a $12 million penalty for running afoul of the Home Mortgage Disclosure Act (HMDA) by submitting false mortgage lending information to the federal...
The Mortgage Bankers Association (MBA) has promoted Rachel Kelley to vice president of legislative affairs. In her new job, Kelley will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on...
