If you have a mortgage, you’ve undoubtedly had some company urge you to refinance, especially right now with mortgage rates being as low as they… Read More »Why Don’t More People with High-Rate Mortgages Refinance?
A Virginia-based mortgage lender has launched a loan officer compensation plan that provides originators with a piece of the loan servicing fee. Typically, a loan… Read More »Mortgage Lender Offers to Share Servicing Income with Its LOs
Fannie Mae has rolled out a new version of its automated writing system, known as Desktop Underwriter® (DU®) Version 10.0. The new version has a… Read More »It’s Now Easier to Get a Mortgage Without a Credit Score
Recently, I wrote about when the next housing crash might take place. For opportunists, it’s something to look forward to. For others, and frankly most… Read More »See Which Phase of the Housing Cycle Your City Is In
While most folks are anxiously awaiting the Fed’s announcement of a potential rate hike, homeowners are continuing to enjoy record low mortgage rates that can… Read More »This Year Will Be the Best in 40 Years for Mortgage Rates
I’ve seen some articles recently talking about how low 15-year mortgage rates are, and the many benefits of selecting a 15-year fixed vs. a 30-year… Read More »Is It Actually a Terrible Time to Get a 15-Year Fixed Mortgage?
A new study from the Urban Institute reveals that women are better at paying the mortgage despite receiving less favorable terms than men. This despite… Read More »Women Are Better at Paying the Mortgage Despite Worse Terms