All posts by Colin Robertson

On Q Financial Mortgage Review: The Simple Way to Get a Mortgage?

On Q Financial Mortgage Review: The Simple Way to Get a Mortgage?
May 28, 2020 No Comments »

Today we’ll take a good look at On Q Financial, a direct mortgage lender based in Tempe, Arizona that wants to make getting a mortgage simple. In fact, their slogan is, “Mortgages Simplified,” so my guess is their loan process ... Read More »

PennyMac Mortgage Review: A Top-3 Mortgage Lender Nationally

PennyMac Mortgage Review: A Top-3 Mortgage Lender Nationally
May 27, 2020 No Comments »

One of the fastest growing and largest mortgage lenders in the country goes by the name PennyMac, not to be confused with Freddie Mac. If you’re wondering what the rather odd name means, it stands for Private National Mortgage Acceptance ... Read More »

Eagle Home Mortgage Review: Should You Get a Mortgage from the Nation’s Largest Homebuilder?

Eagle Home Mortgage Review: Should You Get a Mortgage from the Nation’s Largest Homebuilder?
May 26, 2020 No Comments »

If you’re thinking about buying a home or refinancing an existing mortgage, you may have come across Eagle Home Mortgage on your journey. They’re more likely to come up if purchasing a home since they are a direct mortgage lender ... Read More »

46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments

46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments
May 22, 2020 No Comments »

Another interesting trend has emerged from the latest mortgage forbearance data, this time courtesy of a new report from data analytics company Black Knight. Nearly 5 Million Now in Mortgage Forbearance Plans 4.75 million borrowers in active forbearance plans (9% ... Read More »

Fairway Independent Mortgage Review: A Top-10 Lender Big on Home Purchase Financing

Fairway Independent Mortgage Review: A Top-10 Lender Big on Home Purchase Financing
May 21, 2020 No Comments »

One of the largest mortgage lenders in the country you may not have heard of is Fairway Independent Mortgage Corp., based out of Madison, Wisconsin. They were the eighth largest residential mortgage lender in 2018, per HMDA data, just below ... Read More »

Only 5% of Homeowners Who Got Approved for Mortgage Forbearance Needed It

Only 5% of Homeowners Who Got Approved for Mortgage Forbearance Needed It
May 20, 2020 No Comments »

Just five percent of homeowners who recently got approved for mortgage forbearance actually needed it, according to a shocking survey from home loan comparison company LendingTree. The company said 70% of those in forbearance plans could have made mortgage payments, ... Read More »

Despite COVID-19, You Can Still Get a Jumbo Home Loan

Despite COVID-19, You Can Still Get a Jumbo Home Loan
May 20, 2020 No Comments »

While lots of lenders have recently cut back on offerings that aren’t backed explicitly by the government, some are rolling out new loan programs to help homeowners get the financing they need. We’ve already seen non-QM lending basically dry up ... Read More »

There Will Be a 3-Month Waiting Period to Get a Mortgage After Forbearance

There Will Be a 3-Month Waiting Period to Get a Mortgage After Forbearance
May 19, 2020 No Comments »

We’ve finally got some clarity regarding what happens after mortgage forbearance in terms of obtaining a subsequent home loan. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, announced temporary guidance regarding the matter today. Waiting ... Read More »

Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming

Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming
May 18, 2020 No Comments »

Maybe there’s some good news out there, or maybe it’s just the calm before another storm. The mortgage forbearance rate barely budged during the week ending May 10th, per the latest installment of the Forbearance and Call Volume Survey from ... Read More »