Zillow Home Loans Is Now Live
Following the announcement made last summer to acquire Mortgage Lenders of America, “Zillow Home Loans” is now officially open for business. The new division of… Read More »Zillow Home Loans Is Now Live
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.
Chase Launches Free Biweekly Mortgage Payment Option
In an effort to make life a little easier for its mortgage customers, Chase has launched a new suite of “flexible automatic payments,” including a… Read More »Chase Launches Free Biweekly Mortgage Payment Option
2019 FHA Loan Limits Rise: Floor Climbs Above $300k
Following the release of the 2019 conforming loan limit, HUD announced the 2019 FHA loan limits, which like the former will move higher next year.… Read More »2019 FHA Loan Limits Rise: Floor Climbs Above $300k
2019 Conforming Loan Limit Will Be $484,350 for Mortgages Backed by Fannie and Freddie
As expected, the conforming loan limit for 2019 has increased thanks to an ongoing rise in property values, according to a news bulletin released by… Read More »2019 Conforming Loan Limit Will Be $484,350 for Mortgages Backed by Fannie and Freddie
Wells Fargo the Top Mortgage Lender in 2017, Quicken Tops for Number of Loans
Despite closing a higher number of mortgage loans last year, Quicken Loans was unable to wrestle the coveted top spot away from Wells Fargo, per… Read More »Wells Fargo the Top Mortgage Lender in 2017, Quicken Tops for Number of Loans
Redfin Launches the Owner Estimate to Give Homeowners Control
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… Read More »Redfin Launches the Owner Estimate to Give Homeowners Control
The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
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… Read More »The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
Quicken Launches Rocket Homes to Compete with Zillow and Redfin
Following the recent trend of real estate and mortgage link-ups, Quicken Loans has launched “Rocket Homes” to fill in the real estate gap and simultaneously… Read More »Quicken Launches Rocket Homes to Compete with Zillow and Redfin
5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
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… Read More »5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
Zillow Enters the Mortgage Originating Business
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… Read More »Zillow Enters the Mortgage Originating Business