Home Loans

FHA Loan Limits to Remain Untouched into 2015

The Federal Housing Authority (FHA) announced on Friday that federal limits on conforming loans will remain mostly unchanged from 2014 to 2015. In high-cost areas like San Francisco and New York, the loan limits – or the maximum amount the

First-Time Homebuyers Could See Mortgage Fees Lowered

The Federal Housing Administration has sent its borrowing fees soaring over the last five years in an attempt to rebuild its dwindling cash cushion. But now that the agency has finally gotten its cash reserves back into the black, many

Montana Couple Settles Lawsuit Over Mortgage

A Montana couple has settled their lawsuit against Bank of America after the financial giant allegedly “acted negligently and fraudulently” when Abraham and Betty Jean Morrow attempted to refinance their mortgage in 2008. According to the Associated Press, the couple built a home

Report: Mortgage Lending Drops to 13-Year Low

The Federal Reserve Bank of New York revealed in a new report on Tuesday that mortgage lending is at its lowest level in 13 years. At the current rate, 2014 is set to go on record as the weakest year

FHA Is Back in the Black

The Federal Housing Administration revealed on Monday that it is back in the black. “FHA has taken several prudent actions to improve the fiscal health of the fund, and those actions have led to the stronger position that we’re in

Phil Maloof Adds Extra Incentive to Penthouse Listing: A Lamborghini

Financial tycoon Phil Maloof listed his Las Vegas Palms Casino Resort penthouse for sale five months ago, but the $38 million abode hasn’t received much attention from potential buyers. So now, Maloof has added an additional perk to the listing:

California Is Home to 9 of 10 Most Expensive Real Estate Markets

Nine of the 10 most expensive real estate markets in the United States are located in California, according to a new report by Caldwell Banker. Los Altos is at the top of the list, where the average price for a

Many Veterans Relying on VA Home Loans, But Not All

Many veterans rely on VA home loans when looking into purchasing a home. And why not? “If you can qualify, the VA loan is the best program out there,” Darren Ferlisi, a loan officer with Integrity Home Mortgage Corp. in

Bank of America, US Bancorp Settle Mortgage-Bond Suit

Bank of America and US Bancorp have agreed to settle their mortgage-bond suit for $69 million, Bloomberg News is reporting. According to the news site, “Bank of America Corp. and US Bancorp (USB) agreed to pay $69 million to settle

All-Cash Home Sales Decline to 1 in 3

The number of all-cash home sales declined in the third quarter of 2014, Mortgage News Daily is reporting. In the second quarter of the year, 36.9 percent of all transactions were dealt in all in cash, but that number dropped

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