Mortgage News

The latest industry news, digested.

It’s Now Easier to Get a Mortgage Without a Credit Score

It’s Now Easier to Get a Mortgage Without a Credit Score
September 26, 2016 No Comments »

Fannie Mae has rolled out a new version of its automated writing system, known as Desktop Underwriter® (DU®) Version 10.0. The new version has a number of important changes, two involving consumer credit scores. Firstly, this release will use trended ... Read More »

This Year Will Be the Best in 40 Years for Mortgage Rates

This Year Will Be the Best in 40 Years for Mortgage Rates
September 21, 2016 No Comments »

While most folks are anxiously awaiting the Fed’s announcement of a potential rate hike, homeowners are continuing to enjoy record low mortgage rates that can be locked in for decades. And that doesn’t appear to be changing anytime soon. Mortgage ... Read More »

Morty: The Mortgage Broker 2.0

Morty: The Mortgage Broker 2.0
September 20, 2016 No Comments »

There’s yet another mortgage disruptor in town, the latest goes by the name of “Morty.” Sounds like a play on the word mortgage… They claim to offer the “modern, online mortgage.” Let’s find out more to see if they can ... Read More »

Women Are Better at Paying the Mortgage Despite Worse Terms

Women Are Better at Paying the Mortgage Despite Worse Terms
September 7, 2016 No Comments »

A new study from the Urban Institute reveals that women are better at paying the mortgage despite receiving less favorable terms than men. This despite the fact that they receive higher mortgage rates because of weaker credit profiles, which logic ... Read More »

Permanent HARP Refinance Replacements Have Been Unveiled

Permanent HARP Refinance Replacements Have Been Unveiled
August 30, 2016 No Comments »

A little over a year ago, I wrote that HARP had received its final extension. I affixed the word “probably” to the end of it because the program kept getting extended over and over. It reminded me of one of ... Read More »

Airbnb Is Reportedly Messing Up Mortgage Applications

Airbnb Is Reportedly Messing Up Mortgage Applications
August 29, 2016 No Comments »

If you’ve been renting out your own house or condo via Airbnb, or a similar service like HomeAway or FlipKey, you might have more difficulty securing a mortgage. This is one of many unintended consequences related to the so-called “Sharing ... Read More »

Zillow: Homes Would Be Worth More Without the Housing Bubble

Zillow: Homes Would Be Worth More Without the Housing Bubble
August 22, 2016 No Comments »

A new analysis from Zillow reveals that many homes would actually be worth a lot more today had there been no housing bubble back in the early 2000s. The basic premise is that historic home price growth year after year ... Read More »

Clara: There’s a New Hipster Mortgage Lender in Town

Clara: There’s a New Hipster Mortgage Lender in Town
August 17, 2016 1 Comment »

A new online mortgage lender by the name of “Clara” looks to separate itself from the crowd by touting technology and transparency. And from the looks of their website, they seem to be appealing to the youth. I might be ... Read More »

Quicken Loan’s 1% Down Mortgage Program

Quicken Loan’s 1% Down Mortgage Program
August 17, 2016 No Comments »

It seems just about everyone is lowering mortgage down payment requirements to deal with rising home prices, this despite the near-record low mortgage rates still widely available. You see, down payment is still the biggest hurdle to homeownership, and I ... Read More »

Mortgage Origination Volume Expected to Hit $2 Trillion This Year

Mortgage Origination Volume Expected to Hit $2 Trillion This Year
August 15, 2016 No Comments »

While many expected the mortgage market to cool off this year thanks to both rising home prices and higher mortgage rates, the complete opposite seems to have happened. Today, Freddie Mac released its latest monthly outlook report, noting that 2016 ... Read More »