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FHFA Increases Conforming Loan Limits Values for 2024

FHFA Increases Conforming Loan Limits Values for 2024

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons

Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons

by Phil Hall | Nov 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
CFPB Fines Bank of America $12 Million Over HMDA Violations

CFPB Fines Bank of America $12 Million Over HMDA Violations

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
LendSure Mortgage Debuts Profit & Loss Loan Program

LendSure Mortgage Debuts Profit & Loss Loan Program

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

LendSure Mortgage Corp., a San Diego-headquartered non-QM wholesale lender, announced the launch of their new Profit & Loss (P&L) Loan Program. According to the company, the P&L Loan Program is designed for business owners and self-employed investors with...
Survey: Most Americans Think a Housing Crash Could Happen Next Year

Survey: Most Americans Think a Housing Crash Could Happen Next Year

by Phil Hall | Nov 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A majority of Americans believe that a housing market crash could happen in 2024, and more than one-third of them want it to happen. According to a survey of 2,000 American adults by LendingTree (NASDAQ:TREE), 44% of respondents think the housing market is at risk of...
Home Prices Up Again in Case-Shiller, FHFA Data Reports

Home Prices Up Again in Case-Shiller, FHFA Data Reports

by Phil Hall | Nov 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two leading housing data reported affirmed a continued increase in home prices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual change in September, up from a 2.5% change in the previous month. The 10-City Composite showed...
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