Mortgage News

The latest industry news, digested.

Home Sellers Seeing Biggest Price Gains Since 2007

Home Sellers Seeing Biggest Price Gains Since 2007
April 21, 2016 No Comments »

Should we worry? Home sellers are hitting it out of the park, a potentially ominous sign we’ve gotten a little too house happy again, this according to a new report from RealtyTrac. The company’s data revealed that U.S. home sellers ... Read More »

Should You Buy a Home Where the FHA Loan Share Is High?

Should You Buy a Home Where the FHA Loan Share Is High?
April 20, 2016 No Comments »

Another one of those wonky Federal Reserve papers was released last week, which made the claim that government-backed mortgage insurance promoted a faster recovery post Great Recession. I had to read it about four times to understand it, that’s a ... Read More »

Bernie Sanders Wants Every Homeowner to Get the Mortgage Interest Deduction

Bernie Sanders Wants Every Homeowner to Get the Mortgage Interest Deduction
April 20, 2016 No Comments »

It’s that time of the year again, when presidential hopefuls lay out their plans to save America and get the nation back on its feet. While a lot of it is just noise, I do enjoy reading about the candidates’ ... Read More »

LendingHome Declares Itself the Largest Mortgage Marketplace Lender

LendingHome Declares Itself the Largest Mortgage Marketplace Lender
April 13, 2016 No Comments »

LendingHome, a marketplace lender that claims it’s “the best way for borrowers to get a mortgage,” announced this week that it funded more than $550 million in mortgage loans during 2015. That represents a 600% increase from 2014 as marketplace ... Read More »

Trulia Chief Economist: May Be Reaching Housing Plateau, Not a Bubble

Trulia Chief Economist: May Be Reaching Housing Plateau, Not a Bubble
March 24, 2016 No Comments »

What Does a Plateau Look Like? With home prices showing no signs of letup, housing bubble fears continue to fester. The fact that we were talking about a potential bubble a couple years ago, before home prices notched even more ... Read More »

Fannie and Freddie Principal Reduction Modification Program Coming Soon!

Fannie and Freddie Principal Reduction Modification Program Coming Soon!
March 22, 2016 No Comments »

33,000 Lucky Borrowers May Get Their Mortgage Balances Reduced Well, it took a lot longer than anticipated, but Fannie Mae and Freddie Mac have finally unveiled the so-called “Principal Reduction Modification” program for underwater homeowners still struggling to make monthly ... Read More »

Now You Can Trade Your House In for a New One Like a Car Lease

Now You Can Trade Your House In for a New One Like a Car Lease
March 21, 2016 No Comments »

How It Once Was Back in the 1980s, I vividly remember a day when my father took me along with him to a real estate agent’s office. He was looking to buy a new home and this was how the ... Read More »

If Everyone Refinanced Their Mortgage We’d Save a Collective $20 Billion a Year

If Everyone Refinanced Their Mortgage We’d Save a Collective $20 Billion a Year
March 8, 2016 No Comments »

Thanks to the recent decline in mortgage rates, which have since inched up some, the so-called “refinanceable population” has swelled 30% to 6.7 million homeowners. These are the folks that Black Knight Financial Services singled out as standing to benefit ... Read More »

Home Flippers in 2015 Were the Most Active Since 2007

Home Flippers in 2015 Were the Most Active Since 2007
March 3, 2016 1 Comment »

179,778 Properties Flipped in 2015 Is it time to worry? Home prices are surging, affordability is becoming a concern, and home flippers are back out in droves. Surely that’s a recipe for disaster, right? A new report from RealtyTrac revealed ... Read More »

Borrowers Cut Their Mortgage Rates by 23% in the Fourth Quarter

Borrowers Cut Their Mortgage Rates by 23% in the Fourth Quarter
March 1, 2016 No Comments »

The Refi Party Continues If you thought the refinance party was over, it’s not. It just seems to keep on going, which is a great thing for lenders that specialize in offering refis. It has been surprising how long it’s ... Read More »