Mortgage News

The latest industry news, digested.

Foreclosed Borrowers Are Now Able to Buy Their Old Homes Back at Fair Market Value

Foreclosed Borrowers Are Now Able to Buy Their Old Homes Back at Fair Market Value
November 25, 2014 No Comments »

It might sound a little bittersweet, but former homeowners are now authorized to purchase the properties they lost to foreclosure at fair market value, instead of having to pay back the entire amount owed on the old mortgage. This new ... Read More »

Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%

Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%
November 11, 2014 No Comments »

Though it may soon become easier to purchase a home with less money down, assuming 3% mortgages return as Mel Watt has promised, extracting existing home equity could become more difficult. Yesterday, mortgage financier Fannie Mae released new guidelines related ... Read More »

Are Low Credit Scores More Dangerous Than Low Down Payments?

Are Low Credit Scores More Dangerous Than Low Down Payments?
November 5, 2014 No Comments »

Ever since Mel Watt hinted at the return of 3% down mortgages, there’s been a lot of worry that we could be headed down another dark path. After all, it was a lack of skin in the game that caused ... Read More »

There’s Now a .Mortgage Top Level Domain

There’s Now a .Mortgage Top Level Domain
November 5, 2014 No Comments »

If you’re a webmaster, a blogger, or just happen to own a domain name or two, you might be confused as to why there are so many new TLDs (top-level domains) these days. Back when, there were three main TLDs, ... Read More »

Where Have All the First-Time Buyers Gone?

Where Have All the First-Time Buyers Gone?
November 4, 2014 No Comments »

The latest survey from the National Association of Realtors revealed some troubling news in the housing market. The share of first-time home buyers reached its lowest point in nearly 30 years, per the 2014 National Association of Realtors® Profile of ... Read More »

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 2 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 »