FHA loan limit increases to $498,257 in 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday.The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publicat
Read MoreIt’s worth giving consumer credit a closer look — here’s why

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about credit optimization and how taking a closer look at consumer credit can benefit borrowers. HousingWire: You have advocated for giving consumer credit another look. Why is this important now?Mike Darne: In
Read MoreCFPB orders Bank of America to pay $12M for submitting false mortgage data

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. A top-20 U.S. mortgage lender, Charlotte-based BofA had $229 billion in ou
Read MoreAlphV/BlackCat gang allegedly behind Fidelity ransomware attack

Infamous ransomware gang AlphV/BlackCat appears to be behind last Tuesday’s cybersecurity attack at Big Four title firm Fidelity National Financial.In an online post on Wednesday, the ransomware gang claimed credit for the attack and wrote that Fidelity was “ruined” for hiring incident responders, a
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