Rather surprisingly, a new program will launch in July to help severely delinquent borrowers lower their monthly payments and modify their mortgages. While it sounds… Read More »Streamlined Modification Initiative Launched to Help Severely Delinquent Borrowers
During the previous housing boom (yes, we’re in a new one now), interest-only mortgages were a popular, yet lethal option for home buyers looking to… Read More »Interest-Only Mortgages Stage Comeback
During the fourth quarter of 2012, newcomer PennyMac cracked the top 10 mortgage lender list, according to stats compiled by MortgageStats. The Calabasas, California-based startup… Read More »PennyMac Cracks List of Top 10 Mortgage Lenders
(Please click here for the large, legible version) As an ode to the NCAA tournament, or “March Madness” as it’s commonly known, I woke up… Read More »Mortgage Madness 2013
For months, I’ve been banging on about the lack of a refinance program for private-label mortgages, those not backed by Fannie Mae and Freddie Mac.… Read More »Nearly Half of All Underwater Private-Label Mortgages Modified
In case you hadn’t heard, Capital One purchased ING Direct from Dutch bank ING about a year ago. And just last month, ING Direct formally… Read More »Capital One 360 Home Loans Review
Do you live in a “green” house? If so, you might be a better mortgage borrower, whether you realize it or not. A new study… Read More »Study Claims Mortgage Default Risk Lower on Energy Efficient Homes
A huge panel of economists from banks, universities, and investment and research firms weighed in on the direction of U.S. home prices over the next… Read More »Home Prices Expected to Rise 22% Through 2017
Over the past six months, private mortgage insurance stocks have gone absolutely bonkers. Radian (NYSE:RDN), which wrote the most new business in 2012 per Inside… Read More »Why Private Mortgage Insurance Stocks Are Surging
Whether you like it or not, the buyer’s market of the past couple years or so has come to an abrupt end. Now, sellers have… Read More »Preparing Yourself for the Sellers Market
