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.
We’ve finally got data for 2023 and United Wholesale Mortgage (UWM) left no doubt that it was the top mortgage lender during the year. And… Read More »Top Mortgage Lenders of 2023: UWM Finally #1 After Rocket’s Reign Comes to an End
Well, so much for mortgage rates falling just in time for the spring home buying season. While many expected interest rates to be lower by… Read More »Fannie Mae and Freddie Mac Expect Mortgage Rates to Be Higher for Longer
The Biden Administration has just unveiled a number of proposals to make homeownership more affordable. Aside from legislation to build and renovate more than two… Read More »President Biden Proposes New $10,000 Mortgage Relief Credits
It’s official. United Wholesale Mortgage (UWM) is the nation’s largest mortgage lender. The Pontiac, Michigan-based wholesale lender took the top spot for all of 2023… Read More »UWM Is Officially the Nation’s Largest Mortgage Lender
With the winter break now finally behind us, it’s time to talk mortgage rates again. Lately, they’ve been on the minds of anyone even remotely… Read More »A Record High Share of Consumers Believe Mortgage Rates Will Go Down Over the Next 12 Months
Just when it appeared that the recent rally was running out of steam, mortgage rates sunk even lower. Despite a lackluster CPI report yesterday that… Read More »Mortgage Rates Fall to Lowest Levels Since Spring As Fed Indicates Cuts on the Way in 2024
A new week, a new 1% down mortgage product, the latest coming from Fort Washington, Pennsylvania based lender Newrez. Call it a sign of the… Read More »Newrez Enters the 1% Down Mortgage Fray with RezSource
Silverton Mortgage has rolled out a series of mortgages that feature 100% financing in light of ongoing affordability woes. Some of the loan programs rely… Read More »Silverton Mortgage Launches 100% Financing Across All Loan Types
The Federal Housing Administration (FHA) announced new loan limits for 2024 this week, bumping up the “floor” on FHA loans to $498,257. This represents a… Read More »2024 FHA Loan Limits Rise to $498,257
Another year, another increase in the conforming loan limit, thanks to continued home price gains. The FHFA announced today that the new limit for loans… Read More »2024 Conforming Loan Limit Climbs to $766,550
