Mortgage News

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

Redfin Launches the Owner Estimate to Give Homeowners Control

Redfin Launches the Owner Estimate to Give Homeowners Control
September 26, 2018 No Comments »

Are you sick and tired of your Redfin Estimate or Zillow Zestimate being too low? Do you feel your property is worth much, much more than they say it is? Well, I’ve got great news for you! Redfin has introduced ... Read More »

The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler

The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
September 11, 2018 No Comments »

Everyone wants to be #1 these days. I guess that’s no different than any other days, but the battle to be on top is growing more and more contentious, especially as overall home loan volume wanes. Rather surprisingly, a nonbank ... Read More »

Quicken Launches Rocket Homes to Compete with Zillow and Redfin

Quicken Launches Rocket Homes to Compete with Zillow and Redfin
September 11, 2018 No Comments »

Following the recent trend of real estate and mortgage link-ups, Quicken has launched “Rocket Homes” to fill in the real estate gap and simultaneously compete with the likes of Zillow and Redfin. The company actually isn’t new, but is a ... Read More »

Believing It’s a Seller’s Market Makes It a Seller’s Market

Believing It’s a Seller’s Market Makes It a Seller’s Market
September 4, 2018 No Comments »

There’s been a lot of talk lately about a shift from seller’s market to buyer’s market, what with home price gains beginning to moderate somewhat and mortgage interest rates on the rise. But it seems this has been more speculation ... Read More »

5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months

5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
August 14, 2018 No Comments »

If you’re a prospective home buyer, life isn’t fun right now. The real estate market remains red hot (despite those headlines about it cooling) and quality properties are few and far between. Adding to this frustration is the notion that ... Read More »

Zillow Enters the Mortgage Originating Business

Zillow Enters the Mortgage Originating Business
August 6, 2018 No Comments »

In what seemed like a pretty inevitable move, Zillow has gotten into the mortgage originating business via its acquisition of Mortgage Lenders of America, which is expected to close in the fourth quarter of 2018. I say inevitable because just ... Read More »

Redfin Compete Score: How Hard Is It to Win That Home?

Redfin Compete Score: How Hard Is It to Win That Home?
July 24, 2018 No Comments »

Redfin just launched its so-called “Compete Score,” a tool designed to help prospective home buyers determine how hard it’ll be to “win a home” in a particular city or neighborhood. Is this the beginning of the end? The late stages ... Read More »

Average Home Seller in 2017 Made Only $39,000

Average Home Seller in 2017 Made Only $39,000
June 27, 2018 1 Comment »

While all the headlines paint a really rosy picture for the real estate market where sellers are cashing in mega gains, the average takeaway isn’t all that great. A recent analysis from Zillow revealed that the typical home seller in ... Read More »

Laurel Road: Truly Digital Mortgages Built Entirely Online

Laurel Road: Truly Digital Mortgages Built Entirely Online
June 13, 2018 No Comments »

Another Millennial or even Gen-Z focused mortgage lender has come online, literally, to offer you a mortgage. I’m talking about Laurel Road, which sounds like a really neat place to get a home loan. They claim to “offer an end-to-end ... Read More »

Citi Is Offering .50% Off Your Mortgage Rate If You Deposit a Million Bucks

Citi Is Offering .50% Off Your Mortgage Rate If You Deposit a Million Bucks
May 31, 2018 No Comments »

Okay, it sounds a little silly, but it’s not a bad deal if you happen to have a million dollars lying around the house. CitiMortgage has so-called “relationship pricing” that affords its customers certain discounts on home loans they take ... Read More »