FHFA Ups Maximum Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages on one-unit properties to be acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, up from the current level of $424,100. The FHFA said that in areas where 115 percent of the
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(LEN) , another major homebuilding company, also saw its stock price rise with the October home sales news. LEN saw its share price move upward, from $58.50 per share to over $60 in the day after the Commerce Department release. Moody's recently issued a “stable” rating on Lennar and offers a
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First Guaranty Mortgage Corp. is laying off 82 workers at its offices in Frederick, the company confirmed Tuesday. A layoff notice filed with the Maryland Department of Labor, Licensing and Regulation dated Nov. 27 states that the employees will be laid off by Jan. 31, 2018. Mike McElroy, the general
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WeWork is acquiring Meetup in a move that will bring the shared workspace company together with another startup that aims to connect people with common interests in real life. The two New York-based companies announced the news on Tuesday following an earlier report from The New York Times
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Prices keep going up but people keep buying as 2017 starts to draw to a close on a good note for the Massachusetts real estate market. The median price of a single-family home rose again in October, the 19th consecutive month with an increase, and total October home sales surged to a 13-year high,
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Holiday shoppers spent record amounts on Cyber Monday 2017, blowing past 2016's total by more than $1 billion. Consumers spent $6.59 billion at online retailers yesterday, according to Adobe, which tracked sales. That represented a 16.8% year over year increase in sales—slightly higher than
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Just to keep up with those rising prices, would-be buyers needed an $11,000 pay raise in the past year to afford the typical mortgage. Households now need a record $93,400 annual income to afford monthly payments on the median house in the Seattle metro area, according to a quarterly report from
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On Wednesday November 22nd, Chancellor Phillip Hammond delivered his much anticipated second Budget of 2017. While the first held very little for the UK's housing market, this inaugural Autumn Budget offered considerably more, with Hammond outlining a £44bn strategy to tackle the UK's housing
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“We have yet to see the impact of the Federal Open Market Committee decision to reduce the Federal Reserve's large portfolio of bonds, which will likely push mortgage rates higher in the coming months. This quantitative uneasing will further impact affordability,” said Fleming. Though lower than a year
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Fortune Inn Promenade, Vadodara offers 88 guestrooms with gorgeous city views, spacious guestrooms, and chic interior decor in the heart of Vadodara.
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Sydney and Melbourne dominate the list of investors' favourite real estate markets in Asia Pacific, while the region's biggest buyers of property rekindle a romance with Singapore, according to a recent survey of industry experts. The Emerging Trends in Real Estate Asia Pacific report, jointly published by
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… the sell-side covering shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have a mean recommendation of 2.20 on the shares. This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent. A low number indicates a Buy and
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For households that can only afford a 10 percent down payment, the annual income needed to afford a mortgage today jumps to $109,458.35. The Times reports that the Seattle area stretches from Tacoma to Snohomish for this survey, so people living in the suburbs generally don't need to make as
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Town & Country Bank and Trust Company recently announced the promotion of Emerson Ballard to vice president and chief lending officer. Emerson began with the bank 12 years ago and has played an integral role in exploring new commercial loan opportunities and cultivating banking relationships.
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Nearly two thirds of Hyundai's U.S. deliveries are still passenger cars — the inverse of other automakers, who've shifted their mix toward SUVs and trucks. “They're very late to the game,” Kevin Tynan, a Bloomberg Intelligence analyst, said of Hyundai and Kia. “It's very much a missed opportunity that
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A court case over an obscure fracking patent could put an end to one of the pharmaceutical industry's biggest irritants. The Supreme Court heard arguments Monday in two patent cases that could determine the future of inter partes review (IPR) — an expedited patent-challenge process that has knocked
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Scientists say they have successfully bred worms in a soil that simulates conditions on Mars — a promising step toward creating a sustainable agricultural system on the red planet, and one that could potentially allow humans to survive there in the future. The experiment, conducted by biologist Wieger
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The American Enterprise Institute's Center on Housing Markets and Finance released an update to its indices on mortgage lending practices on November 28, 2017. The release, which covers home mortgage loans originated between September 2012 and August 2017, focused on the First-Time Buyer
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Rusin, also the founder and convener of the West Africa Property and Investment Summit, said that the objective of the event was to create a platform that would drive growth in the real estate sector in Nigeria. He said that it was also to put the sector in the forefront of government's agenda by making sure
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French President Emmanuel Macron used a speech to African students to put economic development, culture and education on the same level of importance as the terrorism and migration challenges that dominated his predecessors' relations with the continent. In a speech of almost two hours to a
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