Mortgage Rates vs. CPI: Less Inflation = Lower Rates
While it seemed mortgage rates just couldn’t catch a break, a positive CPI report has led to a huge rally. This is one of the… Read More »Mortgage Rates vs. CPI: Less Inflation = Lower Rates
Mortgage News
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.
UWM Becomes Top Mortgage Lender in the Nation
Similar to how Rocket Mortgage overtook Wells Fargo, United Wholesale Mortgage (UWM) has now risen above Rocket to become the nation’s top mortgage lender overall.… Read More »UWM Becomes Top Mortgage Lender in the Nation
loanDepot Digital HELOC Launched: Paperless Process and Funding in as Little as 7 Days
Direct lender loanDepot has launched a so-called “Digital HELOC” to help homeowners tap into their massive amounts of home equity. The Southern California-based company cited… Read More »loanDepot Digital HELOC Launched: Paperless Process and Funding in as Little as 7 Days
Rocket Rewards Loyalty Program Launched by Rocket Mortgage
The nation’s number one lender, Rocket Mortgage, has launched a new loyalty program called “Rocket Rewards.” Similar to other loyalty programs, consumers can earn rewards… Read More »Rocket Rewards Loyalty Program Launched by Rocket Mortgage
FICO 10 T and VantageScore 4.0 Approved for Fannie Mae and Freddie Mac Mortgages
Two new credit scores will be used if and when you apply for a mortgage backed by Fannie Mae or Freddie Mac in the near… Read More »FICO 10 T and VantageScore 4.0 Approved for Fannie Mae and Freddie Mac Mortgages
Home Prices Need to Fall 25%, But They Probably Won’t
A new report from Zillow revealed that home prices need to come down by about 25% to become affordable again. But chances are they won’t,… Read More »Home Prices Need to Fall 25%, But They Probably Won’t
Are Mortgage Rates Going to 8.5% Next?
The year 2022 has been absolutely dreadful with respect to mortgage rates. We’ve seen the popular 30-year fixed rise from sub-3% levels to around 7%… Read More »Are Mortgage Rates Going to 8.5% Next?
Now You Can Get a Mortgage at Walmart
It’s official, you can get a mortgage at Walmart now. So next time you’re grocery shopping, or picking up other essentials, you can apply for… Read More »Now You Can Get a Mortgage at Walmart
What Is Inflation Buster from Rocket Mortgage?
I was watching some football this weekend and happened upon an ad for “Inflation Buster” from Rocket Mortgage. I’m always intrigued when I see a… Read More »What Is Inflation Buster from Rocket Mortgage?
The Truth About Falling Home Prices
Real estate doom and gloom articles are going to ramp up big time in coming months, if they haven’t already. You’re going to hear that… Read More »The Truth About Falling Home Prices