Mortgage News

The latest industry news, digested.

Real U.S. Home Prices Remain 33.3% Below 2006 Peak

Real U.S. Home Prices Remain 33.3% Below 2006 Peak
March 28, 2017 No Comments »

Let’s talk about home prices again because there have been numerous reports of eroding affordability and fears that we might be topping out just five short years after hitting rock bottom. For example, the National Association of Realtors recently noted ... Read More »

Today’s Mortgages Are Not Your Older Sibling’s Mortgages

Today’s Mortgages Are Not Your Older Sibling’s Mortgages
March 22, 2017 No Comments »

While pundits and fusspots continue to question whether we’re headed for another housing bubble, consider this: The most recent mortgages were among the highest quality (lowest risk) since 2001. Indeed, mortgages originated during the fourth quarter of 2016 were of ... Read More »

Credit Bureau Experian Launches Real-Time Asset and Income Verification for Mortgages

Credit Bureau Experian Launches Real-Time Asset and Income Verification for Mortgages
March 21, 2017 No Comments »

Mortgage lenders have come a long way in the past decade. They used to approve loans without the need for income, asset, or employment documentation, and now they can verify all those things in seconds. Yes, that was half a ... Read More »

A Return to ARMs

A Return to ARMs
March 8, 2017 No Comments »

Can you believe it’s already March? I can’t either, but it is, heck, it’s nearly April if you think about it, without overthinking it. Anyway, 2017 is well underway and the news so far in the mortgage world isn’t all ... Read More »

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For
March 6, 2017 1 Comment »

At first glance, I’m wondering why he didn’t list it for $10,999,999, but shoot, he probably has a reason. Legendary investor Warren Buffett has finally listed his vacation home located at 27 Emerald Bay in Laguna Beach, CA for $11 ... Read More »

Are Home Buyers Worrying About the Wrong Thing?

Are Home Buyers Worrying About the Wrong Thing?
March 3, 2017 No Comments »

A recent Zillow survey of housing experts found that rising mortgage rates and their impact on affordability would “be the most significant force driving the 2017 housing market.” The prospect of rising rates beat out a lack of inventory, shifting ... Read More »

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans
February 21, 2017 No Comments »

It sounds like magic, doesn’t it? A mortgage that allows for a loan-to-value ratio as high as 120%, portability, and can be used to pay off student loans. Oh, and it can be tapped into when you need cash or ... Read More »

Mortgage Payments Are Eating Up Paychecks the Most Since 2010

Mortgage Payments Are Eating Up Paychecks the Most Since 2010
February 17, 2017 2 Comments »

One of the best ways to determine housing affordability is to measure monthly housing costs versus income, otherwise known as your debt-to-income ratio (DTI). Lenders impose maximums to ensure borrowers can afford monthly payments. If too much of your income ... Read More »

Chase Wants You to Have a Digital Mortgage Experience

Chase Wants You to Have a Digital Mortgage Experience
February 16, 2017 No Comments »

While they might be better known for credit cards at this point, Chase also offers mortgages. And now they want to offer digital mortgages, or at least a digital mortgage experience. In other words, they don’t want to be your ... Read More »

Guaranteed Rate Affinity: Another Mortgage Lender and Real Estate Company Link Up

Guaranteed Rate Affinity: Another Mortgage Lender and Real Estate Company Link Up
February 16, 2017 No Comments »

The mortgage and real estate marriage trend continues, this time with Realogy and Guaranteed Rate joining forces to create a new venture known as “Guaranteed Rate Affinity.” This new partnership will result in a massive mortgage origination platform that pairs ... Read More »