BofA Boss: Not Everyone Should Own a Home
Bank of America CEO Brian Moynihan got down to brass tacks today. Well, sort of. As much as the CEO of one of the world’s… Read More »BofA Boss: Not Everyone Should Own a Home
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.
Consumers Prefer PayPal Over Walmart for Mortgage Needs
File this under confusing. A new “online study” from Carlisle & Gallagher Consulting Group released today revealed some interesting consumer sentiment regarding mortgages. The point… Read More »Consumers Prefer PayPal Over Walmart for Mortgage Needs
To Mess or Not Mess With the Mortgage Interest Deduction
That is the question… I’ve been trying to avoid writing about this subject for a week or two now, mainly because it’s so controversial, so… Read More »To Mess or Not Mess With the Mortgage Interest Deduction
Survey: Lower Income Borrowers Do Less Mortgage Research, Shopping
There have been plenty of reports about lower-income borrowers getting the short end of the stick during the latest housing downturn. And a new National… Read More »Survey: Lower Income Borrowers Do Less Mortgage Research, Shopping
The White House Is Better Off Than It Was Four Years Ago
By now, we’ve all heard the line, “Are you better off than you were four years ago?” It was uttered in 1980 during a presidential… Read More »The White House Is Better Off Than It Was Four Years Ago
Zillow Now Offers Pre-Foreclosure and Foreclosure Listings for Free
If you want to snag a foreclosure property on the cheap, take a look at the new improved Zillow. The real estate listing company announced… Read More »Zillow Now Offers Pre-Foreclosure and Foreclosure Listings for Free
Mortgage Mentioned Just Once During Final Presidential Debate
What a difference four years make. Back in 2007, the only subject the presidential hopefuls talked about was mortgages. In fact, it got to a… Read More »Mortgage Mentioned Just Once During Final Presidential Debate
HARP Refinancing Takes Off Thanks to New Guidelines
As a result of recent enhancements, and perhaps ultra-low mortgage rates, the Home Affordable Refinance Program has actually made a meaningful impact. Last month, there… Read More »HARP Refinancing Takes Off Thanks to New Guidelines
Did Bank of America Offer to Pay Off Your Second Mortgage?
Are you one of the “lucky” ones? Bank of America announced late Friday that it is in the process of mailing roughly 150,000 letters to… Read More »Did Bank of America Offer to Pay Off Your Second Mortgage?
Consumers Don’t Care About Low Mortgage Rates Anymore
As you’re probably aware, the latest move to boost the economy was another round of quantitative easing, known as QE3. This most recent initiative targets… Read More »Consumers Don’t Care About Low Mortgage Rates Anymore