Jumbo Loans Now Available with Just 5% Down
It sounds like the credit box is beginning to open up a bit more, maybe too much if the latest product announcements are any indication.… Read More »Jumbo Loans Now Available with Just 5% Down
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.
Is the Stock Market Correction Good or Bad for Homeowners?
So the inevitable happened – the U.S. stock market corrected after questions about the questionable Chinese economy sparked a global selloff. Over the past few… Read More »Is the Stock Market Correction Good or Bad for Homeowners?
New Real Estate Trend: Sell Existing Home Before Buying Another
A new survey from online real estate brokerage Redfin regarding home buyer sentiment found that existing owners are a lot more likely to sell before… Read More »New Real Estate Trend: Sell Existing Home Before Buying Another
Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score
The Federal Housing Administration (FHA) already has some of most relaxed mortgage underwriting guidelines around, but many lenders don’t originate loans based on their standards.… Read More »Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score
Four Million Homeowners Denied HAMP Loan Modifications, More Changes Coming?
Think it’s hard to get a mortgage? How about a loan modification via the Treasury’s Home Affordable Modification Program (HAMP). A new report from SIGTARP,… Read More »Four Million Homeowners Denied HAMP Loan Modifications, More Changes Coming?
You Can Get Interest-Only Mortgages from Mortgage Brokers Again
Party like it’s 2006! Mortgage brokers are now able to peddle interest-only mortgages to qualified borrowers nationwide. Oh wait, that last part about being qualified… Read More »You Can Get Interest-Only Mortgages from Mortgage Brokers Again
USDA Home Loans Are About to Get More Expensive
While the government has been busy lowering costs for FHA loans, it seems the opposite will happen for USDA home loans, which are one of… Read More »USDA Home Loans Are About to Get More Expensive
The Greeks Aren’t Making Their Mortgage Payments
And who could blame them…what with their entire financial system in complete disarray. The Greek situation is a mess, as you’ve probably heard. The government… Read More »The Greeks Aren’t Making Their Mortgage Payments
Harvard: Renting Is the New Buying, But It’s Unaffordable
The Joint Center for Housing Studies of Harvard University released the 2015 edition of The State of the Nation’s Housing report this week and it… Read More »Harvard: Renting Is the New Buying, But It’s Unaffordable
Realtor and Airbnb Team Up to Let People Try Before They Buy
Consider this common scenario. You really like a house and decide to make an offer. After winning a bidding war and perhaps paying a little… Read More »Realtor and Airbnb Team Up to Let People Try Before They Buy