Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

New Bill Aims to End FHA Mortgage Insurance Premiums for Life Policy

New Bill Aims to End FHA Mortgage Insurance Premiums for Life Policy
October 27, 2017 1 Comment »

Back in 2013, FHA home loans became a lot less attractive because most newly originated mortgages required mortgage insurance to be paid for the entire life of the loan. Instead of paying mortgage insurance premiums for say 5-10 years, or ... Read More »

U.S. Housing Market Still Not in a Bubble, Despite What You May Think

U.S. Housing Market Still Not in a Bubble, Despite What You May Think
October 26, 2017 No Comments »

Two new reports put to bed the idea that we’re in another housing bubble or due for another crash, though there are some mounting concerns, as there have been for some time. The Urban Institute went as far as to ... Read More »

This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020

This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020
October 25, 2017 No Comments »

If there’s one thing we’re not short of, it’s mortgage rate forecasts. Everyone seems to have an opinion, though often they’re just that, opinions. Still, mortgage rates are always top of mind for prospective home buyers and existing homeowners because ... Read More »

Imagine Getting a Mortgage with Just a Couple Clicks

Imagine Getting a Mortgage with Just a Couple Clicks
October 24, 2017 No Comments »

Wouldn’t it be nice if your mortgage lender could gather your income, asset, and employment information from a single digital document, similar to a credit report? And instead of asking you to send over bank statements (all pages, even the ... Read More »

While Mortgages Go Digital, People Still Matter, a Lot

While Mortgages Go Digital, People Still Matter, a Lot
October 19, 2017 No Comments »

The latest buzz in the mortgage world is e-mortgages, or digital mortgages, or paperless mortgages. Or mortgages that don’t require human interaction, or the painstaking process of getting dressed in the morning. But it turns out people still matter, despite ... Read More »

Freddie Mac Revises Student Loan Guidelines

Freddie Mac Revises Student Loan Guidelines
October 19, 2017 No Comments »

It’s one of the more common dilemmas these days – you graduated college and you’re ready to start a family (or at least buy a home for your dog), but student loan debt is holding you back. Further complicating this ... Read More »

Millennials Are Buying Homes to Give Their Dogs Room to Roam

Millennials Are Buying Homes to Give Their Dogs Room to Roam
October 5, 2017 No Comments »

Curious what’s driving Millennial homeownership? Is it marriage or the prospect of a little one crawling around? Nope. Aside from more living space and building equity, dogs are motivating young folks to buy homes. And as a dog lover myself, ... Read More »

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
October 2, 2017 No Comments »

You’ve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not. It stands for “Affordable Mortgage Program,” and is the loan program offered by Synovus Mortgage ... Read More »

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
October 2, 2017 No Comments »

Don’t have the required down payment to purchase your dream home? No problem. There’s now a service that lets you crowdfund your mortgage down payment. Whew! A company by the name of HomeFundMe, not to be confused with GoFundMe, claims ... Read More »

Average Credit Score for Home Buyers Rises to 745

Average Credit Score for Home Buyers Rises to 745
September 28, 2017 No Comments »

You’ve heard it time and time again, that a solid credit score is vital to securing a good mortgage rate, or any mortgage at all. And it appears that this sage advice is becoming even more relevant today. Per the ... Read More »