For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.
The Consumer Financial Protection Bureau (CFPB) issued a $12 million penalty against Bank of America for submitting inaccurate mortgage lending information to the federal government. The consent order issued Tuesday says that for a period of at least four years, Bank of Ame...
FHFA Announces 5.6% Increase in Conforming Loan Limits for 2024
The baseline conforming loan limit for one-unit properties under government-sponsored enterprise mortgages in 2024 will rise to $766,550, marking a 5.6% increase from the current limit. In high-cost areas, the GSE loan limit for one-unit properties will reach as high as $1.1...
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