Thursday Is the Best Day to List Your House
Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice… Read More »Thursday Is the Best Day to List Your House
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.
Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice… Read More »Thursday Is the Best Day to List Your House
Declaring that ARMs are back, United Wholesale Mortgage (UWM) has just rolled out a new line of adjustable-rate mortgages for its mortgage broker partners. The… Read More »Nation’s Top Wholesale Mortgage Lender Launches New Line of Adjustable-Rate Mortgages
In an effort to perhaps streamline its brand and create a little less consumer confusion, Quicken Loans announced today that it is officially changed its… Read More »Quicken Loans Changes Name to Rocket Mortgage
In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income… Read More »New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit
Real estate Q&A: “Why Is the Housing Market So Expensive Right Now?” If you asked me this same question a few years ago, I would… Read More »Why Is the Housing Market So Hot?
File this one under bizarre, for several different reasons. Mad Money host Jim Cramer disclosed yesterday that “he recently paid off a mortgage using profits… Read More »Jim Cramer Just Paid Off His Mortgage with Bitcoin Gains
Zillow appears to be putting its money where its mouth is by offering to buy properties at their Zestimate price. No longer is the Zestimate… Read More »Zillow Will Now Buy Your Home for Its Zestimate Price
Some good news for homeowners struggling to make ends meet thanks to COVID-19, which as the name implies has been going on for a while… Read More »You Can Now Request COVID-Related Mortgage Forbearance for Up to 18 Months
The co-founder and CEO of a so-called “tech-enabled residential mortgage servicer” named Valon (formerly Peach Street) has warned we could be on the brink of… Read More »The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
To say residential real estate is on fire would be a huge understatement. In fact, it’s so popular that we’re literally running out of homes.… Read More »The 2021 Housing Market Is Kind of Like the Toilet Paper Shortage