The Mortgage Broker Comeback
Once left for dead, the mortgage broker is alive and well. And in fact, thriving. There are now more than 100,000 mortgage brokers in business,… Read More »The Mortgage Broker Comeback
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.
Once left for dead, the mortgage broker is alive and well. And in fact, thriving. There are now more than 100,000 mortgage brokers in business,… Read More »The Mortgage Broker Comeback
United Wholesale Mortgage continues to bring the heat, this time shaving 50 basis points off streamline VA loans from now until Veterans Day on November… Read More »UWM Offering 50 Basis Point Discount on VA Streamline Loans Through Veterans Day
Despite the ongoing pandemic, it’s turning out to be a very good time for companies to go public, especially mortgage lenders, which are seeing record… Read More »United Wholesale Mortgage Going Public
Zillow has officially launched a real estate brokerage, known as “Zillow Homes.” The move is intended to “simplify and streamline” the company’s Zillow Offers platform,… Read More »Zillow Homes: Zillow Launches a Real Estate Brokerage
It makes sense that the mortgage industry would see its best quarter in history during a global pandemic. Okay, it doesn’t make sense, but that’s… Read More »Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
You may have heard there’s a “new mortgage fee.” And you might have been told to hurry up and refinance NOW to avoid said fee.… Read More »Beware the New Mortgage Fee Fearmongering
Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a… Read More »Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive
Sometimes you need a little push to get things going, especially when it’s a big something like purchasing a home. Well, it turns out a… Read More »COVID-19 Is Pushing Home Buyers to Move Sooner
The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage… Read More »UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates
The latest weekly Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that 7.80% of outstanding home loans were in forbearance. That… Read More »Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios