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Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.
November 27 -
USAA won $200M from Wells Fargo in patent fight — will others be on the hook?; three takeaways from regulators' approval of the BB&T-SunTrust merger; don't believe the doom and gloom on Fannie, Freddie; and more from this week's most-read stories.
November 27 -
The fintech firm, which had made prior attempts to offer a federally insured consumer account product, said it has “no plans at this time” to become a bank.
November 27 -
Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows.
November 27 -
One Michigan credit union is helping the less fortunate have access to a Thanksgiving meal this year. It's one of many ways the industry is gving back.
November 27 -
Technology development speed has improved for challenger banks, but there are safety challenges from JavaScript, says Jscrambler's Rui Ribeiro.
November 27Jscrambler -
The New York-based institution has returned more than $8 million to members since 2003.
November 27 -
With only 17 million users, compared to PayPal’s 300 million, Honey seems minuscule. But this is PayPal's largest acquisition ever by price, and it far eclipses the $800 million PayPal spent in 2013 for Braintree, which owned Venmo.
November 27 -
New tech like APIs and artificial intelligence will help consumers manage all their finances through an app, rather than just transfer funds.
November 27Wealthfront -
Given their price, higher interest rates and appeal to a specific consumer segment, recreational vehicle loans could be a significant growth segment for some credit unions.
November 27AppOne, Inc.