Mortgage News

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

How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick

How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick
February 13, 2018 No Comments »

If you’ve been awake at any time over the past few weeks, you may have noticed that mortgage rates aren’t as low as they once were. What gives? Well, one downside to a strong economy is higher inflation expectations, and ... Read More »

Higher Mortgage Rates Likely to Have Little Effect on Housing Market

Higher Mortgage Rates Likely to Have Little Effect on Housing Market
February 12, 2018 No Comments »

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. Grab your Tums, buckle your seat belt, and hang on. Don’t you love waking up ... Read More »

Housing Market Sentiment Hits All-Time High Despite Rates, Prices

Housing Market Sentiment Hits All-Time High Despite Rates, Prices
February 7, 2018 No Comments »

While it’s been a rough couple of weeks in terms of mortgage rates and the wider economy (stock market rout), consumers have never been more amped on the housing market, this according to Fannie Mae. The company’s Home Purchase Sentiment ... Read More »

Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages

Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages
February 7, 2018 No Comments »

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 American Advisors Group (AAG) will now start serving up forward mortgages to its customers. Reverse ... Read More »

Quicken Loans Is the Largest Home Loan Lender for the First Time Ever

Quicken Loans Is the Largest Home Loan Lender for the First Time Ever
February 2, 2018 No Comments »

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 country during the fourth quarter of 2017, surpassing its long-time rival Wells Fargo. Quicken Loans ... Read More »

Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete

Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete
February 1, 2018 No Comments »

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 before actually making an offer. Ideally, this gives them the power to go head-to-head with ... Read More »

Mortgage Rates Are Lower Than They Were a Year Ago

Mortgage Rates Are Lower Than They Were a Year Ago
January 25, 2018 1 Comment »

Can I rant about mortgage rates for a minute? I just can’t help myself. First things first, current mortgage rates are actually lower today than they were a year ago. Let’s make that clear. This is true despite the headlines ... Read More »

PHH Mortgage to Provide Borrowers with $30.4 Million for Improper Loan Servicing

PHH Mortgage to Provide Borrowers with $30.4 Million for Improper Loan Servicing
January 3, 2018 No Comments »

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 out $30.4 million to borrowers impacted by so-called improper mortgage servicing. PHH Is a Top-10 ... Read More »

Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option

Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option
January 2, 2018 No Comments »

Well, it’s a new year, and with that comes new and exciting home loan programs to help borrowers purchase homes or refinance existing mortgages. The newest one comes courtesy of Guaranteed Rate, which launched its “GR Flex Power” mortgage that ... Read More »

See How Exuberant Your Housing Market Is

See How Exuberant Your Housing Market Is
December 20, 2017 No Comments »

Back in the mid-1990s, former Federal Reserve Board chairman Alan Greenspan used the phrase “irrational exuberance,” which served as a warning that the stock market may have been overextended. This was around the time of the dot-com bubble and there ... Read More »