Freddie Mac Revises Student Loan Guidelines
It’s one of the more common dilemmas these days – you graduated college and you’re ready to start a family (or at least buy a… Read More »Freddie Mac Revises Student Loan Guidelines
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.
Millennials Are Buying Homes to Give Their Dogs Room to Roam
Curious what’s driving Millennial homeownership? Is it marriage or the prospect of a little one crawling around? Nope. Aside from more living space and building… Read More »Millennials Are Buying Homes to Give Their Dogs Room to Roam
Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
You’ve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not.… Read More »Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
Don’t have the required down payment to purchase your dream home? No problem. There’s now a service that lets you crowdfund your mortgage down payment.… Read More »HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
Lennar Offers to Pay Your Student Loans If You Buy a New Home
One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful… Read More »Lennar Offers to Pay Your Student Loans If You Buy a New Home
A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early
Confused yet? Yeah, me too. Let’s dive in. For a while now, the 30-year fixed-rate mortgage has been under attack. In short, opponents of the… Read More »A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early
ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
A company called ZHome, which can apparently generate an offer to buy your home within 24 hours, is also making it easier for existing homeowners… Read More »ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
Wells Fargo Hit with Lawsuit Related to Improper Mortgage Lock Fees
It’s been a tough year or so for Wells Fargo, the undisputed king of mortgages. While they continue to lead the nation in home loan… Read More »Wells Fargo Hit with Lawsuit Related to Improper Mortgage Lock Fees
360 Mortgage Group Touting 15-Minute Mortgage Approval Sans Loan Officer
A mortgage bank by the name of “360 Mortgage Group” is making some lofty claims, one being a 15-minute full mortgage approval. The company says… Read More »360 Mortgage Group Touting 15-Minute Mortgage Approval Sans Loan Officer
Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home
Think you can’t get a jumbo home loan these days? Think again. Power couple Jay-Z and Beyoncé somehow managed to get a $52.8 million-dollar mortgage… Read More »Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home