New Website Helps Mortgage Brokers Shop Around
For those shopping for a mortgage, it can be pretty difficult to determine which company is the best to work with. There are several possible… Read More »New Website Helps Mortgage Brokers Shop Around
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.
PennyMac Cracks List of Top 10 Mortgage Lenders
During the fourth quarter of 2012, newcomer PennyMac cracked the top 10 mortgage lender list, according to stats compiled by MortgageStats. The Calabasas, California-based startup… Read More »PennyMac Cracks List of Top 10 Mortgage Lenders
Mortgage Madness 2013
(Please click here for the large, legible version) As an ode to the NCAA tournament, or “March Madness” as it’s commonly known, I woke up… Read More »Mortgage Madness 2013
Nearly Half of All Underwater Private-Label Mortgages Modified
For months, I’ve been banging on about the lack of a refinance program for private-label mortgages, those not backed by Fannie Mae and Freddie Mac.… Read More »Nearly Half of All Underwater Private-Label Mortgages Modified
Study Claims Mortgage Default Risk Lower on Energy Efficient Homes
Do you live in a “green” house? If so, you might be a better mortgage borrower, whether you realize it or not. A new study… Read More »Study Claims Mortgage Default Risk Lower on Energy Efficient Homes
Home Prices Expected to Rise 22% Through 2017
A huge panel of economists from banks, universities, and investment and research firms weighed in on the direction of U.S. home prices over the next… Read More »Home Prices Expected to Rise 22% Through 2017
Beginning of the End for Fannie and Freddie?
There have long been stirrings of a potential Fannie Mae and Freddie Mac merger, or the outright dissolution of the under-fire companies ever since they… Read More »Beginning of the End for Fannie and Freddie?
Nearly 20% of Vegas Borrowers Owe More Than Double Their Home’s Worth
While the good news about housing keeps flooding in, one piece of negative data jumped out at me today. The latest Zillow Negative Equity Report… Read More »Nearly 20% of Vegas Borrowers Owe More Than Double Their Home’s Worth
New Mortgage Rules Eliminate 60% of Today’s Loans
A pair of sweeping mortgage rules is expected to eliminate roughly 60% of today’s mortgages, according to a new analysis from CoreLogic. The so-called Qualified… Read More »New Mortgage Rules Eliminate 60% of Today’s Loans
HARP May Be Expanded and Extended to Promote Mortgage Refinancing
There’s been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing