Mortgage News

The latest industry news, digested.

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs
December 10, 2014 No Comments »

RealtyTrac has released a new report that identifies potential bubble markets based upon three early warning signs. There has been increased fear of another housing bubble for a while now, with some markets already identified as bubbles and others supposedly ... Read More »

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV
December 9, 2014 No Comments »

In an effort to make homeownership more accessible, seeing that down payment is often the biggest hurdle, Fannie Mae and Freddie Mac have announced that they will now allow loan-to-value ratios as high as 97%. In other words, prospective home ... Read More »

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction
December 4, 2014 No Comments »

It sounds like Christmas came early this year…borrowers who already received loan modifications via the Home Affordable Modification Program (HAMP) are now eligible for expanded benefits. As it stands, borrowers taking part in HAMP who stay good on monthly payments ... Read More »

Half of Non-Agency Mortgages Will See Payment Increases Over the Next Five Years

Half of Non-Agency Mortgages Will See Payment Increases Over the Next Five Years
December 2, 2014 No Comments »

Roughly half of all performing first mortgages will experience a monthly payment increases over the next five years, according to a new report from Fitch Ratings. The mortgages in question back private-label residential mortgage-backed securities (RMBS), meaning they aren’t guaranteed ... Read More »

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 »