No, You Aren’t Getting a 0% Mortgage Rate
At least not yet… As you probably know, the Fed slashed the federal funds rate to near-zero yesterday afternoon to prop up the economy as… Read More »No, You Aren’t Getting a 0% Mortgage Rate
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.
The Federal Reserve Has Swooped In to Save Mortgage Rates
In light of the ongoing coronavirus outbreak, which were the Federal Reserve’s very own words, the Committee took bold action to lower the target range… Read More »The Federal Reserve Has Swooped In to Save Mortgage Rates
Quicken Loans CEO Doesn’t See the 30-Year Fixed Falling Below 3%
Call him a party pooper, but the CEO of top retail mortgage lender Quicken Loans doesn’t expect mortgage rates to decline any further from their… Read More »Quicken Loans CEO Doesn’t See the 30-Year Fixed Falling Below 3%
Just How Popular Has iBuying Become?
In 2019, one out of every 100 homes were purchased by an iBuyer, short for instant buyer, per a new report from real estate brokerage… Read More »Just How Popular Has iBuying Become?
LemonBrew Launches Real Estate Agent Match and Rebate
A new tech company called LemonBrew has launched its so-called “custom matching platform” to link up home buyers (and sellers) with local, expert real estate… Read More »LemonBrew Launches Real Estate Agent Match and Rebate
The Next Big Thing in Mortgage Is Keeping in Touch
I wrote a while back that more than half of consumers switched mortgage companies when obtaining a subsequent home loan. The message was pretty clear… Read More »The Next Big Thing in Mortgage Is Keeping in Touch
Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows
Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on what’s happening in the economy. Beyond that, mortgage rates can… Read More »Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows
Mortgage Delinquencies Have Fallen to the Lowest Level on Record
What a difference a decade makes, at least when it comes to paying the mortgage on time. A new report from Black Knight revealed that… Read More »Mortgage Delinquencies Have Fallen to the Lowest Level on Record
Quontic Bank Launches No Doc Streamline Mortgage Refinance
Quontic Bank, which bills itself as an “adaptive digital bank,” has launched what they refer to as a “first of its kind” no doc home… Read More »Quontic Bank Launches No Doc Streamline Mortgage Refinance
Quicken Loans’ One Reverse Mortgage to Pause Operations
One Reverse Mortgage, a Quicken Loans company, is reportedly pausing operations, according to a statement delivered to Reverse Mortgage Daily. While it’s unclear what the… Read More »Quicken Loans’ One Reverse Mortgage to Pause Operations