Mortgage News

The latest industry news, digested.

Zillow: Homes Would Be Worth More Without the Housing Bubble

Zillow: Homes Would Be Worth More Without the Housing Bubble
August 22, 2016 No Comments »

A new analysis from Zillow reveals that many homes would actually be worth a lot more today had there been no housing bubble back in the early 2000s. The basic premise is that historic home price growth year after year ... Read More »

Clara: There’s a New Hipster Mortgage Lender in Town

Clara: There’s a New Hipster Mortgage Lender in Town
August 17, 2016 1 Comment »

A new online mortgage lender by the name of “Clara” looks to separate itself from the crowd by touting technology and transparency. And from the looks of their website, they seem to be appealing to the youth. I might be ... Read More »

Quicken Loan’s 1% Down Mortgage Program

Quicken Loan’s 1% Down Mortgage Program
August 17, 2016 No Comments »

It seems just about everyone is lowering mortgage down payment requirements to deal with rising home prices, this despite the near-record low mortgage rates still widely available. You see, down payment is still the biggest hurdle to homeownership, and I ... Read More »

Mortgage Origination Volume Expected to Hit $2 Trillion This Year

Mortgage Origination Volume Expected to Hit $2 Trillion This Year
August 15, 2016 No Comments »

While many expected the mortgage market to cool off this year thanks to both rising home prices and higher mortgage rates, the complete opposite seems to have happened. Today, Freddie Mac released its latest monthly outlook report, noting that 2016 ... Read More »

This Blog Is 10 Years Old Today: What’s Different Today in the Mortgage Industry?

This Blog Is 10 Years Old Today: What’s Different Today in the Mortgage Industry?
July 28, 2016 2 Comments »

A week or so ago, I was scanning through my archived posts and it occurred to me that my blog’s 10-year anniversary was just days away. I found the first post I wrote and laughed a bit as I read ... Read More »

New Guaranteed Rate Double Match Mortgage Gives You 2% of the Down Payment for Free

New Guaranteed Rate Double Match Mortgage Gives You 2% of the Down Payment for Free
July 22, 2016 No Comments »

No it’s not déjà vu, or Groundhog Day. Guaranteed Rate has launched yet another 1% down payment mortgage in the span of about a month. However, their new “Double Match” loan program is quite a bit different than their previously ... Read More »

FirstREX Will Provide Half Your Down Payment in Exchange for Future Appreciation

FirstREX Will Provide Half Your Down Payment in Exchange for Future Appreciation
July 21, 2016 2 Comments »

If you’re a little light on down payment funds, a company called FirstREX might be able to help you out, for a cost. Put simply, their “REX HomeBuyer” product will give you up to 50% of the down payment you ... Read More »

You Need to Save $68 a Day for Five Years to Buy a Home in LA

You Need to Save $68 a Day for Five Years to Buy a Home in LA
July 14, 2016 No Comments »

I’ve been talking about down payments a lot lately, thanks to all the new zero down and 1% down loan options that sprang out of nowhere in the past few weeks. It seems every lender out there is beginning to ... Read More »

United Wholesale Mortgage Launches 1% Down Home Loan for Brokers

United Wholesale Mortgage Launches 1% Down Home Loan for Brokers
July 13, 2016 No Comments »

Yep, it’s another post about a 1% down mortgage, which seems to be the next big thing in the mortgage realm. That and zero down mortgages I suppose. I guess it’s a sign of the times, or more appropriately, sky-high ... Read More »

The 5 Compromises Home Buyers Are Making These Days

The 5 Compromises Home Buyers Are Making These Days
July 11, 2016 No Comments »

It’s no secret home prices aren’t cheap. They may not be expensive either, depending on how you look at it, but they certainly aren’t cheap. It doesn’t take an economist to figure that out. At the same time, mortgage rates ... Read More »