All posts by Colin Robertson

Home Prices Are Expected to Peak in 2016, Then Do Pretty Much Nothing Through 2022

Home Prices Are Expected to Peak in 2016, Then Do Pretty Much Nothing Through 2022
July 21, 2014 No Comments »

Are you still looking to buy a place before time runs out? Don’t want to miss out on the next big housing boom? Well, it might already be too late, assuming you’re looking to turn a big profit, or any ... Read More »

Mortgage Closing Rate Surpasses 60% in June

Mortgage Closing Rate Surpasses 60% in June
July 17, 2014 No Comments »

While mortgage volume might not be what it once was, it seems more of those loan applications are actually funding these days. The latest Ellie Mae Origination Insight Report released today revealed that the “pull-through” rate topped 60% for the ... Read More »

Should You Buy a New Home or an Old Home?

Should You Buy a New Home or an Old Home?
July 16, 2014 No Comments »

It’s time for another match-up, this time we’ll compare buying a new home versus purchasing an existing one. For the record, some home builders will refer to existing homes as “used,” which sounds kind of silly considering it’s a house ... Read More »

Chase Seems to Be Losing Interest in Originating Mortgages

Chase Seems to Be Losing Interest in Originating Mortgages
July 16, 2014 No Comments »

At a time when smaller banks are easing underwriting guidelines to deal with flagging mortgage demand, JP Morgan Chase seems to be taking a step back. During the second quarter, the New York City-based bank and lender only mustered $16.8 ... Read More »

California Homeowners Will Receive About $90 Million from Citigroup Mortgage Settlement

California Homeowners Will Receive About $90 Million from Citigroup Mortgage Settlement
July 15, 2014 No Comments »

Yesterday, the U.S. Justice Department came down hard on Citigroup, slapping the bank with a $7 billion fine over allegations it sold faulty mortgage-backed securities to unknowing investors between 2003 and 2008. In short, the company knew the mortgages behind ... Read More »

Soon You’ll Be Able to Sell Your Home Online in Just Three Days

Soon You’ll Be Able to Sell Your Home Online in Just Three Days
July 14, 2014 No Comments »

Life has gotten a lot more convenient over the past decade thanks to our friend the Internet. Today, we can shop for clothes, groceries, and just about anything else online, do our banking with text messages and smartphones, or hail ... Read More »

Survey: Less than Two Percent of Recent Mortgages Were Non-QM

Survey: Less than Two Percent of Recent Mortgages Were Non-QM
July 14, 2014 No Comments »

If you’re wondering how popular non-QM lending is these days, the answer is not very. The National Association of Realtors, which conducted its 2nd Survey of Mortgage Originators back in April, revealed today that just 1.6% of loan production in ... Read More »

The Daughter of Mortgage Bankers Association President David Stevens Doesn’t Want a Mortgage

The Daughter of Mortgage Bankers Association President David Stevens Doesn’t Want a Mortgage
July 11, 2014 No Comments »

You’d think that someone so heavily involved in the mortgage world would have a family full of homeowners, but that’s not the case with David Stevens. Despite being the president and CEO of the Mortgage Bankers Association (MBA), and formerly ... Read More »

Hooray, Home Price Gains Are Slowing and Should Be Just Right by Year End

Hooray, Home Price Gains Are Slowing and Should Be Just Right by Year End
July 8, 2014 No Comments »

If we’ve learned anything from Goldilocks and the Three Bears, it’s that we should strive for “just right,” no matter if it’s porridge or home prices. After all, if they’re too hot, a correction surely looms, and if they’re too ... Read More »