All posts by Colin Robertson

25 Trade Groups Call for Elimination of Loan-Level Pricing Adjustments

25 Trade Groups Call for Elimination of Loan-Level Pricing Adjustments
June 27, 2016 No Comments »

More than two dozen trade groups have called for the reduction or elimination of loan-level pricing adjustments (LLPAs) on Fannie Mae and Freddie Mac loans, a move that could push mortgage rates even lower than they already are. Put simply, ... Read More »

UK Mortgage Lenders Offering 0.99% Mortgage Rates

UK Mortgage Lenders Offering 0.99% Mortgage Rates
June 27, 2016 No Comments »

While U.S.-based mortgage lenders (and borrowers) are expected to benefit from Brexit via lower mortgage rates, the opposite might be true across the Pond. Over in the UK, we’re already seeing a lot of risk mitigation related to the uncertainty ... Read More »

Brexit vs. Mortgage Rates: How Low Might They Actually Go?

Brexit vs. Mortgage Rates: How Low Might They Actually Go?
June 24, 2016 No Comments »

Bye Bye Britain Well, the unthinkable happened early this morning (or late last evening depending on where you live). The UK voted to leave the European Union, agreeing to Brexit instead of Bremain, as they say. So hold onto your ... Read More »

A Bank Is Offering Discounted Mortgage Rates Because Cleveland Won an NBA Championship

A Bank Is Offering Discounted Mortgage Rates Because Cleveland Won an NBA Championship
June 23, 2016 No Comments »

If you didn’t hear the news, LeBron James and his Cleveland Cavaliers won the NBA championship. It’s pretty amazing because they did so after being down 3-1 in the series, meaning they had to win three straight. It’s even more ... Read More »

Guaranteed Rate Launches 1% Down Payment Mortgage Program

Guaranteed Rate Launches 1% Down Payment Mortgage Program
June 13, 2016 No Comments »

This seems to be a theme lately – super low or no down payment mortgages. The latest of these not-so-novel loan programs comes courtesy of Chicago-based bank Guaranteed Rate. The lender, which you may have heard of thanks to its ... Read More »

There’s a New ‘Lite Doc’ Loan in the Mortgage World

There’s a New ‘Lite Doc’ Loan in the Mortgage World
June 8, 2016 No Comments »

It feels a little like 2006, but it’s entirely different, or so they say. A lender by the name of Quontic Bank based out of Astoria, New York (Queens) has been offering its so-called “Lite Doc” loan to homeowners who ... Read More »

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes
June 6, 2016 No Comments »

I had a nice little Sunday yesterday, strolling around a beach city south of Los Angeles with some friends of mine who were visiting from Portland(ia). They moved there about two years ago and bought a house without delay. I ... Read More »

3 Signs Another Housing Crisis Is Just Around the Corner

3 Signs Another Housing Crisis Is Just Around the Corner
June 2, 2016 No Comments »

Here’s yet another post in my growing series of wondering if home prices are too high. Earlier this week, Black Knight Financial Services noted that home prices increased to within 3.8% of their all-time highs set back in June 2006. ... Read More »

Looking for 100% Mortgage Financing? Check Your Local Credit Union

Looking for 100% Mortgage Financing? Check Your Local Credit Union
June 1, 2016 No Comments »

We all know home prices are getting more expensive every day, and as a result, you may be looking for 100% mortgage financing when it comes time to purchase a home. Perhaps not out of preference but more out of ... Read More »