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.
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
A new lawsuit filed by Ohio Attorney General Dave Yost claims the nation’s top mortgage lender is ripping off Ohio consumers. It’s an interesting one… Read More »Mortgage Brokers Are Supposed to Shop Around on Your Behalf
Like the year before, United Wholesale Mortgage (UWM) was the top mortgage lender in 2024. It marked their second year as the top dog, beating… Read More »Top Mortgage Lenders of 2024: UWM Beats Rocket for Second Straight Year, But Will It Last?
I’ve been saying for a year or two, maybe longer, that recapture was the next big thing in mortgage. Instead of going out and spending… Read More »Rocket Buying Nation’s Largest Loan Servicer Mr. Cooper to Reclaim Top Mortgage Lender Title
A sweeping change took place this morning that blocks non-permanent residents from taking out FHA loans. After conforming loans backed by Fannie Mae and Freddie… Read More »Non-Permanent Residents No Longer Eligible for FHA Loans
Well, another year is in the books at the VA, and like prior years, Veterans United topped the list as the #1 VA loan lender… Read More »Veterans United the Top VA Loan Lender in 2024 for Third Straight Year
So far, 2025 is shaping up to be a bit better when it comes to mortgage rates. While the 30-year fixed is only slightly below… Read More »2025 Could Be the Year of the Rate and Term Refinance
Just a week after Rocket Mortgage exited Canada, parent company Rocket Companies has announced its intent to acquire Redfin. The Seattle, WA-based real estate brokerage… Read More »Rocket to Acquire Redfin to Boost Home Purchase Lending and Take Back #1 Spot
