All posts by Colin Robertson
Rent Before Applying for a Mortgage
While many young, potential homeowners stay at home to save money for their future mortgage payments, banks and lenders consistently decline applicants without rental history. Though it makes perfect sense to live at home to save money on things such ... Read More »
Season Assets Two Months Before Applying for a Mortgage
I already wrote a page about this, but it’s so important that I wanted to highlight it in a post as well. Most mortgage programs offered with the majority of banks and lenders out there ask that you verify liquid ... Read More »
Mortgage Lenders Network All But Closed Down?
Another mortgage company took a huge hit this week, laying off nearly 2,000 employees and halting new business and fundings amidst the continuing downward spiral that is the housing market in the United States. In the latest sign that things ... Read More »
Lenders Limiting Exotic Mortgage Programs
No more than a year ago, banks and mortgage lenders throughout the United States were battling one another to provide the most generous financing available, whether it came in the form of a super low payment on a negative amortization ... Read More »
Holiday Loans are on the Prowl
As the holidays near, the offerings of holiday loans can be heard far and wide, from city to town. But what exactly are these companies offering, and why are H&R Block and Jackson Hewitt getting in on the business as ... Read More »
Mortgage Lates On the Rise
The Mortgage Bankers Association released their quarterly report of the mortgage industry Wednesday, noting a rise in mortgage lates. From the July to September quarter, the percentage of mortgages with 30 day lates or worse rose to 4.67% from 4.39% ... Read More »
California Loves the Option Arm Mortgage
For those who may have not seen this map, Businessweek released this a while back detailing the concentration of homeowners throughout the United States who chose the option arm mortgage as their weapon of choice to tackle monthly mortgage payments. ... Read More »
Sell or Refinance, But Don’t Try Both
As home prices begin to fall, but still remain at near all-time highs, many homeowners are listing their properties to see if they can lock in some of the profit they’ve realized in the last few years. But the problem ... Read More »
Ownit Mortgage Solutions Shuts Down
Ownit Mortgage Solutions, a wholesale mortgage lender, closed its doors Monday amid unfavorable market conditions. While this seems like just another story of a fairly large home lender shutting down during the so-called housing bubble bust, it’s why it shut ... Read More »
