Amazon Mortgage Might Be a Thing Soon
There have been a lot of so-called mortgage disruptors entering the space of late, but this might be the biggest yet. Could Amazon Mortgage be… Read More »Amazon Mortgage Might Be a Thing Soon
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.
Ideal Credit Union Is Offering a Zero Down Mortgage with a Catch
Ideal Credit Union, which has six locations scattered across Minnesota, is the latest mortgage company to offer a no down payment mortgage. But theirs is… Read More »Ideal Credit Union Is Offering a Zero Down Mortgage with a Catch
2017 Was the Best Year for Home Purchase Mortgages Since the Market Peak
It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were… Read More »2017 Was the Best Year for Home Purchase Mortgages Since the Market Peak
There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
Before mortgage rates began their recent upward trajectory to start off 2018, quite a few mortgage refinances squeaked through the door. Some 446,295 refinances were… Read More »There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer
I came across a flyer today from loanDepot advertising a 150-day rate lock for borrowers interested in today’s mortgage rates, who are worried (like everyone… Read More »loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer
Higher Mortgage Rates Likely to Have Little Effect on Housing Market
Well, it’s been a stressful couple of weeks, and the way the stock market is swinging at the moment, it doesn’t appear to be abating.… Read More »Higher Mortgage Rates Likely to Have Little Effect on Housing Market
Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages
File this one under: why didn’t we (they) think of this sooner. While it might seem like a no-brainer in hindsight, top reverse mortgage lender… Read More »Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages
Quicken Loans Is the Largest Home Loan Lender for the First Time Ever
Anyone watching this space knew it was going to happen, but perhaps not this fast. Quicken Loans officially became the largest mortgage lender in the… Read More »Quicken Loans Is the Largest Home Loan Lender for the First Time Ever
Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete
In a bid to get a leg up on the competition, Better Mortgage is allowing prospective home buyers to get an appraisal on a property… Read More »Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete
PHH Mortgage to Provide Borrowers with $30.4 Million for Improper Loan Servicing
It’s 2018 and the mortgage settlements continue. As part of an agreement reached today with 49 states and Washington D.C., PHH Mortgage Corp. will pay… Read More »PHH Mortgage to Provide Borrowers with $30.4 Million for Improper Loan Servicing