The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
The popular trading platform Robinhood has teamed up with Sage Home Loans to offer big mortgage rate discounts to its Gold members. While Robinhood hasn’t… Read More »Robinhood Partners with Sage Home Loans to Offer Mortgage Rate Discounts to Gold Members
There’s been a lot of hubbub about crypto-backed mortgages in the past 24 hours. But the excitement (of crypto enthusiasts) might be a little overdone.… Read More »What the Fannie Mae and Freddie Mac Crypto Order Really Means
The nation’s second largest mortgage lender has launched a new bridge loan product to help buyers move before selling their existing home. It allows them… Read More »Rocket Mortgage Launches Bridge Loan to Help Customers Buy Now, Sell Later
It’s no secret certain folks don’t like Fed Chair Powell. You may have heard of one of them, President Donald Trump, who refers to him… Read More »Pulte Blames Powell for High Mortgage Rates and Trapping Borrowers in Their Homes
In yet another mortgage tie-up, Guild Mortgage has agreed to be acquired by Bayview Asset Management. It’s pretty big news in the mortgage world because… Read More »Guild Mortgage to Be Acquired by Bayview Asset Management for $1.3B
A new report found that the typical monthly payment to borrow $50,000 via a home equity line of credit (HELOC) has dropped by about $100… Read More »Cheaper HELOC Rates, Cash Needs Might Finally Lead to a Home Equity Lending Boom
In another twist of events, President Donald Trump has floated the release of Fannie Mae and Freddie Mac. On his Truth Social Platform yesterday, he… Read More »President Trump Teases Release of Fannie Mae and Freddie Mac
Mortgage lender Paramount Residential Mortgage Group (PRMG) has launched a co-branded credit card with fintech company Mesa. The Mesa Homeowners Card is noteworthy because it… Read More »PRMG Launches Co-Branded Credit Card That Earns Points on Mortgage Payments
Last year marked yet another year where high debt-to-income income ratios were the leading cause of denial for mortgage applicants. While a low credit score… Read More »High DTI Ratios Continue to Be the Leading Cause of Mortgage Denial
The mortgage landscape is changing fast, with the two biggest players making major moves to increase their market share even more. Today, top mortgage lender… Read More »Nation’s Top Mortgage Lender Takes Loan Servicing In House to Win Even More Business
