Introducing the Livestream Open House
Necessity is the mother of innovation, and with that comes the so-called “Livestream Open House,” which has just been launched by Realtor.com in the face… Read More »Introducing the Livestream Open House
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.
Nearly 3 Million Homeowners Already Receiving Mortgage Forbearance
We’re now getting more information on just how many Americans might be receiving mortgage relief due to the crippling effects of coronavirus. It’s only been… Read More »Nearly 3 Million Homeowners Already Receiving Mortgage Forbearance
Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance?
The current solution for those struggling to make mortgage payments due to COVID-19 is mortgage forbearance. It allows homeowners to “pause” mortgage payments for anywhere… Read More »Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance?
Quicken Loans Just Had Its Biggest Month in History
The nation’s top retail mortgage lender just knocked it out of the park, despite the ongoing coronavirus pandemic. Quicken Loans CEO Jay Farner was on… Read More »Quicken Loans Just Had Its Biggest Month in History
Stimulus Checks Barely Make Dent in Mortgage
The so-called “coronavirus checks” have begun to hit Americans’ bank accounts this week, providing relief to those whose income has been curtailed or completely cut.… Read More »Stimulus Checks Barely Make Dent in Mortgage
Mortgage Forbearance Rate Worsens, But Most Probably Won’t Lose Their Homes
Well, another week has gone by, and with that a new wave of mortgage forbearance requests. The total number of home loans now in forbearance… Read More »Mortgage Forbearance Rate Worsens, But Most Probably Won’t Lose Their Homes
Chase Now Requires a 700 FICO and 20% Down to Get a New Mortgage
Following in the footsteps of many other mortgage lenders of late, JP Morgan Chase has upped its minimum requirements to get a home loan. Once… Read More »Chase Now Requires a 700 FICO and 20% Down to Get a New Mortgage
Which Housing Markets Are Most at Risk From COVID-19?
While it’s hard to compare the current possible housing crisis to the very real one experienced about a decade ago, there are fears of negative… Read More »Which Housing Markets Are Most at Risk From COVID-19?
Number of Mortgages in Forbearance Jumps Nearly 1000%
While estimates have ranged from two million to 12.5 million, we’re now getting our first clues as to just how many homeowners will request mortgage… Read More »Number of Mortgages in Forbearance Jumps Nearly 1000%
Wells Fargo Will Only Give You a Jumbo Loan If You Have $250k in Their Bank
In yet another sign that the mortgage market is completely volatile and far from liquid, top mortgage lender Wells Fargo has severely tightened its jumbo… Read More »Wells Fargo Will Only Give You a Jumbo Loan If You Have $250k in Their Bank