Noah: A Home Equity Sharing Product
A newly named company called Noah (formerly Patch Homes) lets you access up to $300,000 of your home equity in exchange for future home price… Read More »Noah: A Home Equity Sharing Product
March 2020
Finance of America Mortgage Review: Loan Programs Galore From a Top-25 Mortgage Lender
Finance of America Mortgage Quick Facts One of the largest nonbank mortgage lenders (top 25 overall) Have provided home loan financing since 1994 Now a… Read More »Finance of America Mortgage Review: Loan Programs Galore From a Top-25 Mortgage Lender
Wells Fargo Is Forecasting a 30-Year Fixed Mortgage Rate Below 3% for the Rest of 2020
While there’s a lot of uncertainty and doom and gloom in the world right now due to COVID-19, one bright spot appears to be mortgage… Read More »Wells Fargo Is Forecasting a 30-Year Fixed Mortgage Rate Below 3% for the Rest of 2020
Clear Capital’s New OwnerInsight Tool Lets Homeowners Fill in Appraisal Gaps
As reported earlier this week, some important pieces of the home loan process have been disrupted by the ongoing and seemingly intensifying coronavirus epidemic. One… Read More »Clear Capital’s New OwnerInsight Tool Lets Homeowners Fill in Appraisal Gaps
Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option
To further complicate the complicated mortgage relief picture surrounding the coronavirus outbreak, Fannie Mae and Freddie Mac have released their new “payment deferral” option early.… Read More »Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option
California Homeowners Now Eligible for 90-Day Mortgage Payment Relief Due to Coronavirus
California Governor Gavin Newsom has announced a “major financial relief package” that gives homeowners in the Golden State a three-month mortgage reprieve. Those who have… Read More »California Homeowners Now Eligible for 90-Day Mortgage Payment Relief Due to Coronavirus
Mortgage Refinance Applications Triple from a Year Ago, But Will They All Fund?
While the mortgage market has become a bit of a mess lately, lenders are apparently still totally slammed and doing record business. For example, Quicken… Read More »Mortgage Refinance Applications Triple from a Year Ago, But Will They All Fund?
Homebridge Financial Review: Lots of Niche Loan Programs
Homebridge Financial Quick Facts Headquartered in Iselin, New Jersey Founded in 1989 Top-10 privately held nonbank mortgage lender Operates two wholesale mortgage divisions Funded more… Read More »Homebridge Financial Review: Lots of Niche Loan Programs
Streamlined Mortgage Relief Program Could Mean No Payments for 12 Months
A group of mortgage industry heavyweights have sent a letter to the Federal Reserve, HUD, FHFA, CFPB, Treasury Department, and the White House advocating for… Read More »Streamlined Mortgage Relief Program Could Mean No Payments for 12 Months
Quicken Loans Warns Some Parts of Loan Process May Not Proceed Due to Shelter-in-Place
Quicken Loans told customers certain parts of the loan process “can’t proceed” in areas of the country affected by shelter-in-place orders. Specifically, they said home… Read More »Quicken Loans Warns Some Parts of Loan Process May Not Proceed Due to Shelter-in-Place