Bank of America Has a Waiting List to Refinance
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has… Read More »Bank of America Has a Waiting List to Refinance
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has… Read More »Bank of America Has a Waiting List to Refinance
You may have thought that mortgage lenders were raking it in, what with the record low mortgage rates currently on offer. But 2011 was actually… Read More »2011 Mortgage Lending Volume Lowest In Over a Decade
Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save… Read More »Why Principal Reductions on Loan Mods Aren’t the Move
We’ve heard talk of mass refinancing plans for years now, but nothing has quite delivered. Sure, the >Home Affordable Refinance Program (HARP) was recently expanded… Read More »Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
When deciding whether you should refinance your mortgage, you may look to your friends, family, and neighbors to see what they’re doing and/or to get… Read More »Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
Late last week, Congress agreed to reinstate the temporarily inflated FHA loan limits that fell on October 1. So for the next two years, homeowners… Read More »Maximum FHA Loan Limit Restored to $729,750
The Federal Housing Finance Agency (FHFA) released details of a newly revamped Home Affordable Refinance Program (HARP) today, with the main feature being a lack… Read More »Soon Just About Any Underwater Borrower Will Be Able to Refinance
If you’re reading this, you’ve undoubtedly heard of a real estate short sale, which allows a distressed homeowner to unload their property for less than… Read More »Short Sales Can Save You Money If You’re Extremely Patient
Real estate behemoth Zillow went public today to much fanfare. After an original IPO price target of $12-$14, which later rose to $16-$18 before settling… Read More »Shares of Zillow Skyrocket in Nasdaq Debut
If you’re having trouble keeping up with mortgage payments, which we know many of you are, there’s a new solution. It might be a little… Read More »Can’t Pay Your Mortgage? Turn Your Home Into a Billboard