Mortgage News

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

One Third of Home Buyers Made Offers Without Actually Visiting the Property

One Third of Home Buyers Made Offers Without Actually Visiting the Property
June 28, 2017 No Comments »

Is the housing market getting stupid again, or is technology changing the way we buy homes? That’s still up for debate, but there are some troubling signs out there. The latest is that one-third of home buyers made an offer ... Read More »

Homie: A Startup Is Eliminating Real Estate Agent and Loan Officer Commissions

Homie: A Startup Is Eliminating Real Estate Agent and Loan Officer Commissions
June 26, 2017 2 Comments »

There’s a newer startup called “Homie” that is aiming to transform the old way people buy and sell homes by harnessing today’s technology and (kind of) ditching real estate agents. Well, in some cases the real estate agent will remain ... Read More »

Removal of Tax Liens and Judgments Might Boost Mortgage Approvals

Removal of Tax Liens and Judgments Might Boost Mortgage Approvals
June 22, 2017 No Comments »

Beginning July 1st, the credit reporting bureaus (Equifax, Experian, TransUnion) will begin wiping tax liens and judgments off of millions of credit reports in a bid to improve accuracy. The backstory is that a lot of errors were showing up ... Read More »

Mortgages Are Now Just as Risky as They Were During the Early 2000s

Mortgages Are Now Just as Risky as They Were During the Early 2000s
June 20, 2017 1 Comment »

A new analysis from CoreLogic reveals that mortgage risk is on the rise and now similar to levels seen in the early 2000s. The good news is that credit risk isn’t mirroring levels seen in the mid-2000s, right before the ... Read More »

Guild Mortgage Latest to Offer a 1% Down Payment Mortgage

Guild Mortgage Latest to Offer a 1% Down Payment Mortgage
June 14, 2017 No Comments »

It seems 1% down is the new zero down in the mortgage world, with San Diego-based Guild Mortgage the latest to join the fray. The independent mortgage bank, like others before it, will take advantage of a grant to give ... Read More »

Mortgage Payments Historically Expensive Despite Low Rates

Mortgage Payments Historically Expensive Despite Low Rates
June 12, 2017 No Comments »

Remember all those articles (including some on this blog) that claimed mortgage rates would have to rise to X percent in order for homes to become unaffordable? Well, mortgage rates have been pretty flat for the past several years, and ... Read More »

Movement Mortgage Launches Zero Down Mortgage Called MAP

Movement Mortgage Launches Zero Down Mortgage Called MAP
June 7, 2017 2 Comments »

Movement Mortgage is the latest of many mortgage lenders to offer a zero down option for prospective home buyers, referred to as the Mortgage Assistance Program, or MAP. Like others before it, the MAP will rely on a 3% grant ... Read More »

Magilla Lets You Shop Mortgage Lenders Anonymously

Magilla Lets You Shop Mortgage Lenders Anonymously
June 5, 2017 No Comments »

There’s a new disruptor in the mortgage space called Magilla that lets you shop for a mortgage anonymously, assuming you don’t want lenders to bug you. They refer to themselves as the “search engine for loans” because you can shop ... Read More »

Stearns Lending Offering Discounted Mortgage Payment for the First Two Years

Stearns Lending Offering Discounted Mortgage Payment for the First Two Years
May 25, 2017 No Comments »

A new promo from Stearns Home Loans sounds almost too good to be true – the lender is offering to buy down your mortgage rate for the first two years without any upfront costs. Pay attention to that last part, ... Read More »

Zillow Instant Offers: For Those Who Want to Sell Their Home Fast

Zillow Instant Offers: For Those Who Want to Sell Their Home Fast
May 24, 2017 No Comments »

The online real estate marketplace Zillow has just launched a new feature called “Zillow Instant Offers,” aimed at helping seemingly impatient sellers quickly offload their homes. In short, their research has found that some homeowners want a “faster, simpler selling ... Read More »