Will the Housing Market Crash in 2025?
I got active on Twitter over the past year and change and to my surprise (not sure why it’s surprising really), encountered lots of housing… Read More »Will the Housing Market Crash in 2025?
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.
Presidential Candidate Kamala Harris Has a 7-Year Adjustable-Rate Mortgage
By now you’ve heard the news. President Biden dropped out of the 2024 presidential race and paved the way for current VP Kamala Harris to… Read More »Presidential Candidate Kamala Harris Has a 7-Year Adjustable-Rate Mortgage
More Than 4 Million Mortgages Originated Since 2022 Have Rates Above 6.5%
Want to hear some good news about mortgage rates that involves them being a lot higher than they previously were? Yes, I know that sounds… Read More »More Than 4 Million Mortgages Originated Since 2022 Have Rates Above 6.5%
Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
In case you missed it, the Federal Housing Finance Agency (FHFA) granted conditional approval to Freddie Mac to purchase single-family closed-end second mortgages. What this… Read More »Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
You may have heard that the nation’s largest mortgage lender just rolled out a zero down mortgage. If you were around for the housing market… Read More »Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
Top Mortgage Lenders of 2023: UWM Finally #1 After Rocket’s Reign Comes to an End
We’ve finally got data for 2023 and United Wholesale Mortgage (UWM) left no doubt that it was the top mortgage lender during the year. And… Read More »Top Mortgage Lenders of 2023: UWM Finally #1 After Rocket’s Reign Comes to an End
Fannie Mae and Freddie Mac Expect Mortgage Rates to Be Higher for Longer
Well, so much for mortgage rates falling just in time for the spring home buying season. While many expected interest rates to be lower by… Read More »Fannie Mae and Freddie Mac Expect Mortgage Rates to Be Higher for Longer
President Biden Proposes New $10,000 Mortgage Relief Credits
The Biden Administration has just unveiled a number of proposals to make homeownership more affordable. Aside from legislation to build and renovate more than two… Read More »President Biden Proposes New $10,000 Mortgage Relief Credits
UWM Is Officially the Nation’s Largest Mortgage Lender
It’s official. United Wholesale Mortgage (UWM) is the nation’s largest mortgage lender. The Pontiac, Michigan-based wholesale lender took the top spot for all of 2023… Read More »UWM Is Officially the Nation’s Largest Mortgage Lender
A Record High Share of Consumers Believe Mortgage Rates Will Go Down Over the Next 12 Months
With the winter break now finally behind us, it’s time to talk mortgage rates again. Lately, they’ve been on the minds of anyone even remotely… Read More »A Record High Share of Consumers Believe Mortgage Rates Will Go Down Over the Next 12 Months