Mortgage News

The latest industry news, digested.

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For
March 6, 2017 2 Comments »

At first glance, I’m wondering why he didn’t list it for $10,999,999, but shoot, he probably has a reason. Legendary investor Warren Buffett has finally listed his vacation home located at 27 Emerald Bay in Laguna Beach, CA for $11 ... Read More »

Are Home Buyers Worrying About the Wrong Thing?

Are Home Buyers Worrying About the Wrong Thing?
March 3, 2017 No Comments »

A recent Zillow survey of housing experts found that rising mortgage rates and their impact on affordability would “be the most significant force driving the 2017 housing market.” The prospect of rising rates beat out a lack of inventory, shifting ... Read More »

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 2 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 »