Well, it took 79 years, but the FHA’s squeaky-clean track record is over. FHA Commissioner Carol Galante wrote a letter to Congress formally requesting a… Read More »FHA Bailout Official: Agency Makes Request for $1.7 Billion from Treasury
This morning, Zillow, the company behind the love it or hate it Zestimate, released a new study that analyzed the impact credit scores have on… Read More »Zillow: Credit Score Single Most Important Factor for Mortgage Rates
Getting a mortgage is never a sure thing, even if you’re the richest individual in the world. And even if you have a perfect 850… Read More »Why Mortgages Are Declined: 50 Reasons You Might Be Denied a Home Loan
This morning the FHFA launched a national campaign to educate homeowners about the Home Affordable Refinance Program (HARP). While that sounds like a sensible move… Read More »The FHFA Just Launched a National Campaign for HARP Four Years After the Program Was Created
Yesterday, many declared “victory” when the Fed decided not to taper its monthly purchases of mortgage-backed securities and longer-term Treasuries. Put simply, most assumed the… Read More »Is the ‘No Taper’ Good or Bad for Mortgage Rates and the Housing Market?
Last year was a great year to be a loan originator. Next year probably not so much. This year, we’ll see. In 2012, residential mortgage… Read More »Mortgage Lending Surged 38% in 2012 on Refinance Strength
It’s not quite subprime all over again, but now that higher mortgage rates seem to be an absolute certainty, banks and lenders are looking for… Read More »Higher Mortgage Rates Usher In New Era of Loose Underwriting Guidelines
Today we’ll take a brief look at some mortgage rate history to gain a little context. It’s always helpful to know what came before so… Read More »Mortgage Rate History: Check Out These Charts from the Early 1900s
It has been about five years since the so-called subprime mortgage crisis rattled Wall Street (and America), and led to scores of layoffs and bank… Read More »Old Subprime Players Back In Charge of New Mortgage Companies
I’m starting to get really worried about the housing market. Suze Orman, who doles out no-nonsense financial advice to millions of loyal followers, has changed… Read More »Suze Orman Says It’s Now OK to Put Just 10% Down on a Home
