Mortgage News

The latest industry news, digested.

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 No 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 »

Loftium Offers Mortgage Assistance If You Airbnb Your Extra Bedroom

Loftium Offers Mortgage Assistance If You Airbnb Your Extra Bedroom
February 8, 2017 No Comments »

Here’s a strange one – a new company by the name of Loftium is offering down payment money and “monthly mortgage assistance” if you agree to Airbnb one your new home’s extra bedrooms. The details are pretty scant, and hat ... Read More »

30-Year Fixed Could Rise Above 6% Within Three Years

30-Year Fixed Could Rise Above 6% Within Three Years
February 6, 2017 No Comments »

What goes down must go up, right? Well yes, eventually. It’s just a matter of how quickly and by how much. It’s been some time since anyone has publicly worried about all those trillions of mortgage-backed securities the Fed purchased ... Read More »

These Are the States Where Low Appraisals Are Most Common

These Are the States Where Low Appraisals Are Most Common
January 30, 2017 No Comments »

One of the most common reasons why a mortgage doesn’t actually close has do with the appraised value, and more specifically, a low appraisal. One of the three C’s of underwriting is collateral, which in the case of real estate ... Read More »

Redfin Mortgage Just Launched

Redfin Mortgage Just Launched
January 26, 2017 No Comments »

Whoa. In an unexpected turn of events, online real estate brokerage Redfin has launched a new mortgage service called, you guessed it, “Redfin Mortgage.” Well, maybe it wasn’t so unexpected, seeing that the mortgage trend is decidedly moving from refinances ... Read More »

Black Knight Is Working on Its Own Mortgage Credit Score

Black Knight Is Working on Its Own Mortgage Credit Score
January 26, 2017 No Comments »

Black Knight Financial Services is apparently working on its own “mortgage-specific FICO score” to better determine individual mortgage borrower risk, instead of simply looking at the overall credit profile of borrowers. The news came from a webinar that Black Knight ... Read More »

The Pros and Cons of Trump’s FHA Premium Cut Freeze

The Pros and Cons of Trump’s FHA Premium Cut Freeze
January 25, 2017 2 Comments »

You’ve heard the news. President Trump announced a freeze on the expected 25-basis point FHA premium cut just a week or so after it was announced. For most folks, it was an unexpected and sad ending to a seemingly positive ... Read More »