The long awaited Fed announcement came yesterday to little fanfare, perhaps because market pundits were fretting about a taper for so long that the actual… Read More »Fed to Taper Mortgage Purchases by $5 Billion a Month
Before the mortgage crisis, it was common for banks and lenders to provide the best mortgage rate pricing to borrowers with credit scores of 720… Read More »New Mortgage Pricing Punishes Borrowers with Traditionally Good Credit
During the early 2000s, you didn’t need to prove much to qualify for a mortgage. In fact, it got to a point where it was… Read More »The Average Mortgage Application File Is Now 500 Pages Long
Conventional wisdom says its best to list your home in spring if you want to get the most bang for your buck. And by that,… Read More »It Turns Out the Best Time to Sell a Home Is During Winter
A few years back, the Fed began purchasing mortgage-backed securities in an effort to lower interest rates on mortgages. Over time, the endeavor, known as… Read More »How the Fed Ruined Mortgage Rates Forever
It’s no secret FHA loans have been extremely popular during the latest housing recovery, thanks to their low down payment and credit score requirements. Before… Read More »FHA High-Cost Loan Limits Set to Drop in 2014
A new report from RealtyTrac revealed that overall foreclosure activity was down a sharp 23% year-to-date through October, but it’s a different story for the… Read More »Super Jumbo Foreclosures Surge as Overall Activity Wanes
Plenty of strange things happened after the latest housing boom and subsequent bust, but this is perhaps one of the most interesting byproducts. An insurance… Read More »Underwater Mortgage Insurance: Yes, It Exists Now
