Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months

5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
August 14, 2018 No Comments »

If you’re a prospective home buyer, life isn’t fun right now. The real estate market remains red hot (despite those headlines about it cooling) and quality properties are few and far between. Adding to this frustration is the notion that ... Read More »

Zillow Enters the Mortgage Originating Business

Zillow Enters the Mortgage Originating Business
August 6, 2018 No Comments »

In what seemed like a pretty inevitable move, Zillow has gotten into the mortgage originating business via its acquisition of Mortgage Lenders of America, which is expected to close in the fourth quarter of 2018. I say inevitable because just ... Read More »

Redfin Compete Score: How Hard Is It to Win That Home?

Redfin Compete Score: How Hard Is It to Win That Home?
July 24, 2018 No Comments »

Redfin just launched its so-called “Compete Score,” a tool designed to help prospective home buyers determine how hard it’ll be to “win a home” in a particular city or neighborhood. Is this the beginning of the end? The late stages ... Read More »

Average Home Seller in 2017 Made Only $39,000

Average Home Seller in 2017 Made Only $39,000
June 27, 2018 1 Comment »

While all the headlines paint a really rosy picture for the real estate market where sellers are cashing in mega gains, the average takeaway isn’t all that great. A recent analysis from Zillow revealed that the typical home seller in ... Read More »

Laurel Road: Truly Digital Mortgages Built Entirely Online

Laurel Road: Truly Digital Mortgages Built Entirely Online
June 13, 2018 No Comments »

Another Millennial or even Gen-Z focused mortgage lender has come online, literally, to offer you a mortgage. I’m talking about Laurel Road, which sounds like a really neat place to get a home loan. They claim to “offer an end-to-end ... Read More »

Citi Is Offering .50% Off Your Mortgage Rate If You Deposit a Million Bucks

Citi Is Offering .50% Off Your Mortgage Rate If You Deposit a Million Bucks
May 31, 2018 No Comments »

Okay, it sounds a little silly, but it’s not a bad deal if you happen to have a million dollars lying around the house. CitiMortgage has so-called “relationship pricing” that affords its customers certain discounts on home loans they take ... Read More »

Freddie Mac HomeOne Mortgage: New 3% Down Mortgage with No Income Restrictions

Freddie Mac HomeOne Mortgage: New 3% Down Mortgage with No Income Restrictions
April 30, 2018 No Comments »

A new home loan program is being rolled out this July by Freddie Mac, known as “HomeOne Mortgage,” which features a 3% down payment and no income restrictions. While Freddie Mac already offers a similar 3% down program via its ... Read More »

What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean

What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean
April 26, 2018 No Comments »

You’ve probably already seen the alarming headlines, that mortgage interest rates rose this week to highs not seen in over four years. Gasp! It sounds like doomsday for mortgage rates, but to really interpret what four years means, we have ... Read More »

Carrington Mortgage Launches Line of Subprime Mortgages

Carrington Mortgage Launches Line of Subprime Mortgages
April 5, 2018 No Comments »

Here we go again? Maybe, maybe not. Regardless, Carrington Mortgage Services has launched a new line of subprime mortgages available to the 100 million odd U.S. consumers who have less than perfect credit. For the record, Carrington already offers subprime ... Read More »

The Top 10 Cities Where Cash-Out Refinances Are King

The Top 10 Cities Where Cash-Out Refinances Are King
April 3, 2018 No Comments »

Despite being nowhere close to levels seen just over a decade ago, cash-out refinance loans are on the rise, this according to a new data dive by LendingTree. The company reported that 62% of those who refinanced in the first ... Read More »