Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.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 completed by Fannie Mae and Freddie Mac in the fourth quarter of 2017, up considerably ... Read More »
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 else) that they’ll be a lot higher later this year. It’s not unusual for mortgage ... Read More »
How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick
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
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
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
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
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
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
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
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 »
