What Happens to Mortgage Rates Post Midterms?
The dust is still settling, but I thought it’d be prudent to look at what might happen to mortgage rates now that the midterms have… Read More »What Happens to Mortgage Rates Post Midterms?
Home »
Mortgage News
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.
Zillow’s New Zero-Down FHA Loan Comes at an Interesting Time
Zillow’s lending department, known as Zillow Home Loans, or ZHL for short, just rolled out a way for eligible home buyers to get an FHA… Read More »Zillow’s New Zero-Down FHA Loan Comes at an Interesting Time
Opendoor Wants to Sell You a Home With 2% Down and No Mortgage. What’s the Catch?
Opendoor has rolled out a new way to buy a home that bypasses the mortgage entirely. And that might sound pretty good given where mortgage… Read More »Opendoor Wants to Sell You a Home With 2% Down and No Mortgage. What’s the Catch?
UWM Removes Minimum Credit Scores on Most Mortgages
The nation’s largest mortgage lender just got rid of its minimum credit score requirement on most home loans. The move is effective immediately and applies… Read More »UWM Removes Minimum Credit Scores on Most Mortgages
Rocket Mortgage Making the Switch From FICO to VantageScore
Rocket Mortgage announced today that it will soon default to VantageScore 4.0 instead of the FICO score it relied upon for years. The switch is… Read More »Rocket Mortgage Making the Switch From FICO to VantageScore
Is Chase’s Mortgage Rate Sale a Good Bet on Lower Interest Rates in the Near Future?
Chase is back with another mortgage rate sale, something they’ve done several times over the past couple years. They don’t advertise the exact amount of… Read More »Is Chase’s Mortgage Rate Sale a Good Bet on Lower Interest Rates in the Near Future?
Kevin Warsh Throws Cold Water on Lower Mortgage Rates
Be careful what you wish for when you nominate someone to accomplish a specific task. It’s no secret that President Donald Trump selected Kevin Warsh… Read More »Kevin Warsh Throws Cold Water on Lower Mortgage Rates
Mortgage Rates Could Drop as Much as Half a Percent with Basel Re-Proposal
Looking for mortgage rate relief? It could come without any further improvement in bond yields. Instead, Basel re-proposal, which boils down to improved bank capital… Read More »Mortgage Rates Could Drop as Much as Half a Percent with Basel Re-Proposal
Reuters Poll Says 30-Year Fixed Mortgage to Remain Above 6% Through 2028
A new Reuters poll conducted between June 1st and June 11th revealed that housing experts expect elevated mortgage rates through at least 2028. The survey… Read More »Reuters Poll Says 30-Year Fixed Mortgage to Remain Above 6% Through 2028
A Top-10 Mortgage Lender Has Launched an Athleisure Clothing Line
This might be one of the strangest things I’ve ever heard come out of the mortgage industry. And the mortgage industry is no stranger to… Read More »A Top-10 Mortgage Lender Has Launched an Athleisure Clothing Line