Why Homeowners Aren’t Selling
With all the talk of a housing market crash, there’s not a lot of data to support it. Sure, home price gains have moderated significantly… Read More »Why Homeowners Aren’t Selling
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.
Watch Out for 8% Mortgage Rates
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if… Read More »Watch Out for 8% Mortgage Rates
Housing Crash Imminent? The National LTV Is Below 30%
The topic du jour lately has been a housing market on the edge of disaster. But no one can quite agree whether it’s an affordability… Read More »Housing Crash Imminent? The National LTV Is Below 30%
Bank of America Launches a Zero Down Mortgage
This week, Bank of America unveiled a zero down mortgage option as part of their Community Homeownership Commitment. In short, they want to help more… Read More »Bank of America Launches a Zero Down Mortgage
A Severe Housing Downturn Is Now Possible
Sound the alarm. A severe housing downturn may now be in the cards in the United States. That is, if you believe the latest commentary… Read More »A Severe Housing Downturn Is Now Possible
Half of Americans Don’t Even Know What a Mortgage Is?
A new shock poll (I just wanted to utter that phrase) found that half of Americans don’t even know what the word “mortgage” means. The… Read More »Half of Americans Don’t Even Know What a Mortgage Is?
What Is a Housing Correction? And Are We In One Now?
Lately, I’ve been hearing a lot about a “housing correction,” which at first glance looks and sounds kind of bad. Not as bad as say… Read More »What Is a Housing Correction? And Are We In One Now?
Can You Still Get an Adjustable Rate Mortgage?
Yes, adjustable-rate mortgages are still available, even though your lender may have hidden them from you for the past few years. Ultimately, ARMs just didn’t… Read More »Can You Still Get an Adjustable Rate Mortgage?
Top Mortgage Lenders by Volume in 2021: Rocket Zooms Highest Once Again with $100 Billion Gap
Now that the Home Mortgage Disclosure Act (HMDA) data is out, we can check out the top mortgage lenders of 2021. As you may have… Read More »Top Mortgage Lenders by Volume in 2021: Rocket Zooms Highest Once Again with $100 Billion Gap
Why You Might Not Want to Get Too Excited (or Nervous) About a Housing Crash
As mortgage rates continue their ascent toward 6%, more and more folks are talking housing market crash. But high interest rates aren’t really a catalyst… Read More »Why You Might Not Want to Get Too Excited (or Nervous) About a Housing Crash