2012 Was a Really Good Year to Buy a Home
A new report from Redfin revealed 2012 was an absolutely fantastic time to purchase a home. Collectively, that crop of home buyers earned $203 billion… Read More »2012 Was a Really Good Year to Buy a Home
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 Number One Reason Mortgages Were Denied in 2018
Hint: It wasn’t because of a low credit score. Some say a mortgage (homeownership) is a privilege, not a right. In other words, you have… Read More »The Number One Reason Mortgages Were Denied in 2018
Blend Launches One Tap Pre-Approvals for Mortgages
The thing about mortgages is they continue to be difficult to obtain relative to just about everything else out there. Today, it’s easy to buy… Read More »Blend Launches One Tap Pre-Approvals for Mortgages
FHA Approved Condos: Individual Units Now Eligible for Financing!
People looking to buy a condo with FHA financing rejoice. HUD has released a new condominium approval process that, among other things, brings back spot… Read More »FHA Approved Condos: Individual Units Now Eligible for Financing!
Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
If you happen to be in the market to buy a home, you’re probably not giddy with delight over today’s sky-high listing prices. After all,… Read More »Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
While they’re not yet directly involved in the mortgage industry, Amazon has now dipped its toes in the real estate pool via a new home… Read More »Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
37% of American Homeowners Are Now Free and Clear
What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners.… Read More »37% of American Homeowners Are Now Free and Clear
A Startup Called ZeroDown Just Launched to Help Home Buyers Lease to Own
It’s starting to feel a little like 2006 again. Recently, we’ve seen mortgage lenders launching interest-only mortgages, 40-year mortgage terms, and now a company by… Read More »A Startup Called ZeroDown Just Launched to Help Home Buyers Lease to Own
Young Homeowners Are Having More Mortgage Regrets
While homeowners of all ages are mostly happy they purchased a property, younger borrowers seem to be regretting their mortgages more than the rest of… Read More »Young Homeowners Are Having More Mortgage Regrets
Redfin Direct: Buy a Redfin-Listed Home Without a Real Estate Agent
First Redfin brought us the 1% listing fee, which disrupted the traditional 2.5% to 3% listing agents charge(d) to sell a home. But that still… Read More »Redfin Direct: Buy a Redfin-Listed Home Without a Real Estate Agent