Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

Redfin: 2020 Home Sales Will Be Highest Since 2006

Redfin: 2020 Home Sales Will Be Highest Since 2006
October 8, 2020 No Comments »

While 2020 continues to surprise us, somehow, someway, home sales are expected to hit their highest point since 2006 this year. This, despite an ongoing worldwide pandemic and a contentious U.S. presidential election that’s less than a month away. You’d ... Read More »

What Will Happen When the CARES Act Forbearance Option Ends?

What Will Happen When the CARES Act Forbearance Option Ends?
October 7, 2020 No Comments »

While it’s still possible to request mortgage forbearance via the CARES Act if you’re having trouble making monthly payments, this option will eventually come to an end. In fact, you might only have about two months left to contact your ... Read More »

The Mortgage Broker Comeback

The Mortgage Broker Comeback
October 6, 2020 No Comments »

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, per the latest jobs report from the U.S. Bureau of Labor Statistics, an increase of ... Read More »

UWM Offering 50 Basis Point Discount on VA Streamline Loans Through Veterans Day

UWM Offering 50 Basis Point Discount on VA Streamline Loans Through Veterans Day
October 1, 2020 No Comments »

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 11th. The move will make it even cheaper for veteran homeowners to refinance their existing ... Read More »

Two Things Working in Favor of Even Lower Mortgage Rates This Year

Two Things Working in Favor of Even Lower Mortgage Rates This Year
September 29, 2020 No Comments »

While recent home buyers and existing homeowners have enjoyed a period of extremely low mortgage rates this year, some pundits are starting to warn that the party could be coming to an end. It’s only natural to question something that ... Read More »

United Wholesale Mortgage Going Public

United Wholesale Mortgage Going Public
September 24, 2020 1 Comment »

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 volumes thanks to über-low mortgage rates. The latest announcement comes from United Wholesale Mortgage, the ... Read More »

Zillow Homes: Zillow Launches a Real Estate Brokerage

Zillow Homes: Zillow Launches a Real Estate Brokerage
September 23, 2020 No Comments »

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, which up until now relied upon outside real estate brokerages to manage its iBuying transactions. ... Read More »

Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19

Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
September 9, 2020 No Comments »

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 what happened anyway, per the latest Mortgage Monitor report from Black Knight. Mortgage Lenders Originated ... Read More »

Beware the New Mortgage Fee Fearmongering

Beware the New Mortgage Fee Fearmongering
September 1, 2020 No Comments »

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. While there is some truth to that, it is by no means a reason to ... Read More »

Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive

Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive
August 13, 2020 No Comments »

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 new fee to mortgage refinances in light of the ongoing pandemic. Simply put, they expect ... Read More »