All posts by Colin Robertson

Why You Might Be Refinancing Your Mortgage in 2015

Why You Might Be Refinancing Your Mortgage in 2015
December 11, 2014 No Comments »

Just when you thought the refinance market was completely out of steam, a slew of bad news might be just the ticket to resuscitate it. By bad news, I mean global economic woes that push stocks lower and send investors ... Read More »

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs
December 10, 2014 No Comments »

RealtyTrac has released a new report that identifies potential bubble markets based upon three early warning signs. There has been increased fear of another housing bubble for a while now, with some markets already identified as bubbles and others supposedly ... Read More »

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV
December 9, 2014 No Comments »

In an effort to make homeownership more accessible, seeing that down payment is often the biggest hurdle, Fannie Mae and Freddie Mac have announced that they will now allow loan-to-value ratios as high as 97%. In other words, prospective home ... Read More »

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction
December 4, 2014 No Comments »

It sounds like Christmas came early this year…borrowers who already received loan modifications via the Home Affordable Modification Program (HAMP) are now eligible for expanded benefits. As it stands, borrowers taking part in HAMP who stay good on monthly payments ... Read More »

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year
December 3, 2014 No Comments »

It’s that time of the year again…namely the end of the year, when year-end tax tips flood the web and our inboxes. With regard to the old mortgage, taxpayers might be able to get a larger write-off if they make ... Read More »

Half of Non-Agency Mortgages Will See Payment Increases Over the Next Five Years

Half of Non-Agency Mortgages Will See Payment Increases Over the Next Five Years
December 2, 2014 No Comments »

Roughly half of all performing first mortgages will experience a monthly payment increases over the next five years, according to a new report from Fitch Ratings. The mortgages in question back private-label residential mortgage-backed securities (RMBS), meaning they aren’t guaranteed ... Read More »

Foreclosed Borrowers Are Now Able to Buy Their Old Homes Back at Fair Market Value

Foreclosed Borrowers Are Now Able to Buy Their Old Homes Back at Fair Market Value
November 25, 2014 No Comments »

It might sound a little bittersweet, but former homeowners are now authorized to purchase the properties they lost to foreclosure at fair market value, instead of having to pay back the entire amount owed on the old mortgage. This new ... Read More »

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick
November 19, 2014 No Comments »

I came across a promotion today from a home builder out in Arizona. The press release mentions that the company is offering the “largest incentive for new homebuyers in its history.” The details are as follows: Simply purchase a new ... Read More »

Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%

Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%
November 11, 2014 No Comments »

Though it may soon become easier to purchase a home with less money down, assuming 3% mortgages return as Mel Watt has promised, extracting existing home equity could become more difficult. Yesterday, mortgage financier Fannie Mae released new guidelines related ... Read More »