What Will Cause the Next Housing Crash?
I think I finally know what’s going to cause the next major financial collapse. Crypto. Ignore the fact that the word “cry” is part of… Read More »What Will Cause the Next Housing Crash?
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.
Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go
In a somewhat strange turn of events, the iBuying unit of Zillow, known as Zillow Offers, is shutting down after an initial suspension late last… Read More »Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go
Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?
In a rather surprising turn, Zillow has suspended new home purchases via its Zillow Offers unit through the end of 2021. It’s actually the second… Read More »Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?
Michigan State Athletes Will Soon Be Paid $500 Per Month to Promote Mortgage Brokers
Back in July, the NCAA granted college athletes the opportunity to make money by using their “name, image and likeness” (NIL). This means getting paid… Read More »Michigan State Athletes Will Soon Be Paid $500 Per Month to Promote Mortgage Brokers
Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine
This appears to be a first – digital mortgage lender Neat Loans will provide applicants with a $500 discount if they’re vaccinated for COVID-19. The… Read More »Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine
Is the Housing Market Finally Slowing Down? Not So Fast…
It’s a question a lot of prospective home buyers are asking right now. When will the housing market slow down? When will the bidding wars… Read More »Is the Housing Market Finally Slowing Down? Not So Fast…
Nation’s Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First
The nation’s second largest mortgage lender, United Wholesale Mortgage, has plans to accept bitcoin for mortgage payments. The Pontiac, Michigan-based company’s CEO Mat Ishbia told… Read More »Nation’s Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First
Your Positive Rental History Will Now Help You Qualify for a Mortgage
In a bid to help more renters become homeowners, Fannie Mae has introduced a new “innovation” that will incorporate rental history into its automated underwriting… Read More »Your Positive Rental History Will Now Help You Qualify for a Mortgage
Rocket Mortgage Launches Detroit Home Loan+: Is It a Good Deal?
The nation’s largest mortgage lender, Rocket Mortgage, has just rolled out a home loan program exclusively for customers buying homes in Detroit. The goal of… Read More »Rocket Mortgage Launches Detroit Home Loan+: Is It a Good Deal?
Better Will Now Guarantee Your Mortgage Even If the Appraisal Comes in Low
With the housing market so competitive, and properties often going above asking, getting a mortgage can be a little more stressful. One major component of… Read More »Better Will Now Guarantee Your Mortgage Even If the Appraisal Comes in Low