Chase Also Launched a 3% Down Payment Mortgage
It’s been a busy month for the launch of low-down payment mortgages… It turns out Chase also has a 3% down offering, though it wasn’t… Read More »Chase Also Launched a 3% Down Payment Mortgage
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.
Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment
The nation’s largest mortgage lender, Wells Fargo, is now offering mortgages to home buyers with just 3% down via their new “yourFirst Mortgage.” I’m assuming… Read More »Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment
A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis
There’s renewed fear that another housing crisis is on the horizon because home values are inching closer and closer to their so-called “bubble-era prices.” However,… Read More »A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis
Should You Buy a Home Where the FHA Loan Share Is High?
Another one of those wonky Federal Reserve papers was released last week, which made the claim that government-backed mortgage insurance promoted a faster recovery post… Read More »Should You Buy a Home Where the FHA Loan Share Is High?
Bernie Sanders Wants Every Homeowner to Get the Mortgage Interest Deduction
It’s that time of the year again, when presidential hopefuls lay out their plans to save America and get the nation back on its feet.… Read More »Bernie Sanders Wants Every Homeowner to Get the Mortgage Interest Deduction
LendingHome Declares Itself the Largest Mortgage Marketplace Lender
LendingHome, a marketplace lender that claims it’s “the best way for borrowers to get a mortgage,” announced this week that it funded more than $550… Read More »LendingHome Declares Itself the Largest Mortgage Marketplace Lender
Now You Can Trade Your House In for a New One Like a Car Lease
How Real Estate Once Was Buying and selling real estate used to be really hard And very time consuming I remember driving around with a… Read More »Now You Can Trade Your House In for a New One Like a Car Lease
Home Flippers in 2015 Were the Most Active Since 2007
179,778 Properties Flipped in 2015 Is it time to worry? Home prices are surging, affordability is becoming a concern, and home flippers are back out… Read More »Home Flippers in 2015 Were the Most Active Since 2007
Skupit Lets You Make an Offer on a Home in Five Minutes
Looking to purchase a home and not waste any time doing so? Well, a new company called “Skupit” might be just the ticket. The website… Read More »Skupit Lets You Make an Offer on a Home in Five Minutes
Bank of America 3% Down Payment Mortgage Being Rolled Out
Bank of America’s Affordable Loan Solution The widely available 3% down home loan program Is being branded by individual banks and mortgage lenders Bank of… Read More »Bank of America 3% Down Payment Mortgage Being Rolled Out