All posts by Colin Robertson

HSBC to Provide $400+ Million in Consumer Relief to Homeowners

HSBC to Provide $400+ Million in Consumer Relief to Homeowners
February 8, 2016 1 Comment »

As part of an agreement between HSBC and the Justice Department, HUD, the CFPB, and 49 state attorneys general (and DC’s), $470 million will be paid out to settle mortgage origination and servicing/foreclosure abuses. The Justice Department noted that the ... Read More »

Lender Will Make Your First Mortgage Payment If You Don’t Close on Time

Lender Will Make Your First Mortgage Payment If You Don’t Close on Time
February 4, 2016 No Comments »

A mortgage lender out of Edina, Minnesota is offering to make your first mortgage payment if it is unable to close your purchase loan on time. The new “On Time Closing Guarantee” from Marketplace Home Mortgage will compensate the home ... Read More »

It’s Mortgage Principal, Not Principle

It’s Mortgage Principal, Not Principle
February 4, 2016 No Comments »

Allow me to get testy about grammar for a minute (moment). I know I know, it’s lame to be a member of the grammar police and go after folks for using a word incorrectly. I’m sure I use words incorrectly ... Read More »

Wells Fargo to Pay $1.2 Billion to Settle Claims It Made Reckless FHA Loans and Concealed Them

Wells Fargo to Pay $1.2 Billion to Settle Claims It Made Reckless FHA Loans and Concealed Them
February 3, 2016 No Comments »

The nation’s largest mortgage lender has agreed in principle to settle a longstanding lawsuit with the United States Department of Justice and the Department of Housing and Urban Development (HUD) over faulty FHA loans the company originated from 2001 until ... Read More »

Despite Nearly Four Years of Gains, Homes Are Still Cheaper Than Pre-Bubble Levels

Despite Nearly Four Years of Gains, Homes Are Still Cheaper Than Pre-Bubble Levels
February 2, 2016 No Comments »

You’d think that after 43 consecutive months of year-over-year home price appreciation things would begin to get too expensive for most folks. Or that future price increases would be doubtful. Well, despite nearly four years of nonstop gains, housing affordability ... Read More »

Quicken Loans Just Paid a Lot of Money for a One Minute Super Bowl Commercial

Quicken Loans Just Paid a Lot of Money for a One Minute Super Bowl Commercial
January 28, 2016 2 Comments »

The nation’s largest nonbank mortgage lender is going to the Super Bowl. Well, they’re not playing in the game, but they did purchase a very expensive one-minute ad slot. Apparently a 30-second advertisement for Super Bowl 50 runs at around ... Read More »

There Is No Mortgage Trick

There Is No Mortgage Trick
January 27, 2016 No Comments »

Over the years, I’ve seen tons of ads and articles about a so-called “mortgage trick,” only to click on the associated hyperlink and see nothing regarding any tricks. For the record, I’m always interested to see what someone might have ... Read More »

10 Cities Where You Can Reasonably Pay Off Your Mortgage in Seven Years or Less

10 Cities Where You Can Reasonably Pay Off Your Mortgage in Seven Years or Less
January 26, 2016 No Comments »

Most mortgages carry a 30-year term, even if they’re adjustable for some period of those three long decades. But in some cities, it’s reasonably possible to pay off your mortgage a lot earlier thanks to low home prices and decent ... Read More »

Why You Should Buy a Home Next to Trader Joe’s or Whole Foods

Why You Should Buy a Home Next to Trader Joe’s or Whole Foods
January 26, 2016 No Comments »

We all know the old adage: Location, location, location. It’s a real estate mantra that actually makes sense and one everyone should live by if they want their property value to rise. After all, you can’t move your house (in ... Read More »