All posts by Colin Robertson

Redfin Now: Get an Offer on Your Home Within 24 Hours

Redfin Now: Get an Offer on Your Home Within 24 Hours
July 7, 2017 No Comments »

Are you the impatient type? Well, have I’ve got news for you. A new service dubbed “Redfin Now” will get you a “top offer” for your property within 24 hours of it being viewed. That’s pretty fast. Instead of dealing ... Read More »

Better Mortgage: They’ll Give You $1000 If You Can Find a Lower Price

Better Mortgage: They’ll Give You $1000 If You Can Find a Lower Price
June 29, 2017 No Comments »

Worried about whether you’re getting the best deal on your mortgage? You may want to take a look at Better Mortgage, which is actually encouraging borrowers to shop around. They’re so confident that they’ve got some of the best rates ... Read More »

One Third of Home Buyers Made Offers Without Actually Visiting the Property

One Third of Home Buyers Made Offers Without Actually Visiting the Property
June 28, 2017 No Comments »

Is the housing market getting stupid again, or is technology changing the way we buy homes? That’s still up for debate, but there are some troubling signs out there. The latest is that one-third of home buyers made an offer ... Read More »

Fannie Mae Increasing Max DTI to 50%, Upping LTVs for ARMs

Fannie Mae Increasing Max DTI to 50%, Upping LTVs for ARMs
June 27, 2017 No Comments »

There’s been a lot of talk lately about mortgage lenders easing credit standards as refinance volume wanes and purchase activity remains constrained by limited inventory. Because more and more new entrants (many so-called disruptors) have joined the fray, and there’s ... Read More »

Homie: A Startup Is Eliminating Real Estate Agent and Loan Officer Commissions

Homie: A Startup Is Eliminating Real Estate Agent and Loan Officer Commissions
June 26, 2017 2 Comments »

There’s a newer startup called “Homie” that is aiming to transform the old way people buy and sell homes by harnessing today’s technology and (kind of) ditching real estate agents. Well, in some cases the real estate agent will remain ... Read More »

Removal of Tax Liens and Judgments Might Boost Mortgage Approvals

Removal of Tax Liens and Judgments Might Boost Mortgage Approvals
June 22, 2017 No Comments »

Beginning July 1st, the credit reporting bureaus (Equifax, Experian, TransUnion) will begin wiping tax liens and judgments off of millions of credit reports in a bid to improve accuracy. The backstory is that a lot of errors were showing up ... Read More »

Mortgages Are Now Just as Risky as They Were During the Early 2000s

Mortgages Are Now Just as Risky as They Were During the Early 2000s
June 20, 2017 1 Comment »

A new analysis from CoreLogic reveals that mortgage risk is on the rise and now similar to levels seen in the early 2000s. The good news is that credit risk isn’t mirroring levels seen in the mid-2000s, right before the ... Read More »

Guild Mortgage Latest to Offer a 1% Down Payment Mortgage

Guild Mortgage Latest to Offer a 1% Down Payment Mortgage
June 14, 2017 No Comments »

It seems 1% down is the new zero down in the mortgage world, with San Diego-based Guild Mortgage the latest to join the fray. The independent mortgage bank, like others before it, will take advantage of a grant to give ... Read More »

Mortgage Payments Historically Expensive Despite Low Rates

Mortgage Payments Historically Expensive Despite Low Rates
June 12, 2017 No Comments »

Remember all those articles (including some on this blog) that claimed mortgage rates would have to rise to X percent in order for homes to become unaffordable? Well, mortgage rates have been pretty flat for the past several years, and ... Read More »