Mortgage News

The latest industry news, digested.

Online Refinance Shop Lenda Has Plans to Fund Home Loans in Seconds

Online Refinance Shop Lenda Has Plans to Fund Home Loans in Seconds
October 22, 2014 No Comments »

In the technology world, and more specifically, the venture capitalist world, the word “disrupt” gets thrown around an awful lot. Too much really. There’s even a Disrupt conference. Every new business these days seeking millions of dollars in funding has ... Read More »

Mortgage Lending Volume Expected to Rise 7% in 2015

Mortgage Lending Volume Expected to Rise 7% in 2015
October 21, 2014 No Comments »

After what seemed like a dismal few weeks, some good news is finally streaming back into the mortgage world. First off, mortgage rates are super low again, with the 30-year fixed pricing below 4% at some lenders. It sounds like ... Read More »

Fannie and Freddie Will Offer 3% Down Mortgages Again

Fannie and Freddie Will Offer 3% Down Mortgages Again
October 20, 2014 2 Comments »

Some good news finally came out of Las Vegas today, and I’m not talking about someone winning a mega jackpot on an oversized one-armed bandit. During the Mortgage Bankers Association’s Annual Convention in Sin City, it was revealed that Fannie ... Read More »

Mortgage Rate Plunge! Time to Take Another Look at a Refinance/Purchase?

Mortgage Rate Plunge! Time to Take Another Look at a Refinance/Purchase?
October 15, 2014 No Comments »

As many long anticipated, the stock market finally took a major hit after months of seemingly endless gains. When it comes down to it, things can’t keep rising forever (remember home prices), and so we’re finally seeing some pullback, though ... Read More »

Man Offers to Sell Home In Exchange for an iPhone 6 or the 32 GB iPad

Man Offers to Sell Home In Exchange for an iPhone 6 or the 32 GB iPad
October 14, 2014 No Comments »

So a guy, an Austrian fellow named Andreas Gindelhuber, with apparent dreams of making money in real estate here in the United States, resorted to selling his home in exchange for an iPhone 6 last week. He originally purchased the ... Read More »

Should We Worry About a Triple Dip in Home Prices?

Should We Worry About a Triple Dip in Home Prices?
October 13, 2014 No Comments »

The weather is finally beginning to cool off and Halloween is just around the corner. Oh, and The Walking Dead is back on TV. It must be fall. Surely that means homes sales are going to slow down after the ... Read More »

Peer-to-Peer Lender SoFi Now Offering Mortgages to Smart People

Peer-to-Peer Lender SoFi Now Offering Mortgages to Smart People
October 9, 2014 No Comments »

A new lender has entered the mortgage space, but this one’s a little unique, and its offerings are too. You see, they’re a “marketplace lender,” otherwise known as a peer-to-peer lender, meaning everyday investors can provide funds to borrowers seeking ... Read More »

HELOC Volume Climbs 20 Percent from a Year Ago as Borrowers Tap Equity

HELOC Volume Climbs 20 Percent from a Year Ago as Borrowers Tap Equity
October 9, 2014 No Comments »

Here comes the home equity lending at long last! Now that homeowners actually have some ownership of their properties again, they’re beginning to take advantage of the low rates on offer. A new report from RealtyTrac revealed that home equity ... Read More »

Trulia Is Giving Away a House in Vegas via the Game of War

Trulia Is Giving Away a House in Vegas via the Game of War
October 7, 2014 No Comments »

I like to highlight contests that involve free houses and mortgage payoffs, and this one is a little stranger than most. Trulia, which should be a subsidiary of Zillow’s if all goes right on the regulatory front, is offering to ... Read More »

Ben Bernanke Claims He Was Unable to Refinance His Mortgage

Ben Bernanke Claims He Was Unable to Refinance His Mortgage
October 2, 2014 2 Comments »

While this might sound a little hard to believe, it has been reported that former Federal Reserve chairman Ben Bernanke was unable to refinance his mortgage.  Yup, he got straight up denied. You might be thinking, yeah right, why would ... Read More »