Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

Mortgage Delinquencies Have Fallen to the Lowest Level on Record

Mortgage Delinquencies Have Fallen to the Lowest Level on Record
February 20, 2020 No Comments »

What a difference a decade makes, at least when it comes to paying the mortgage on time. A new report from Black Knight revealed that mortgage delinquencies fell more than 5% in January to reach their lowest point since 2000, ... Read More »

Quontic Bank Launches No Doc Streamline Mortgage Refinance

Quontic Bank Launches No Doc Streamline Mortgage Refinance
February 19, 2020 No Comments »

Quontic Bank, which bills itself as an “adaptive digital bank,” has launched what they refer to as a “first of its kind” no doc home loan with loan amounts as high as $3 million. The non-Qualified Mortgage (non-QM), which is ... Read More »

Quicken Loans’ One Reverse Mortgage to Pause Operations

Quicken Loans’ One Reverse Mortgage to Pause Operations
February 18, 2020 No Comments »

One Reverse Mortgage, a Quicken Loans company, is reportedly pausing operations, according to a statement delivered to Reverse Mortgage Daily. While it’s unclear what the word “pause” means at this time, RMD also noted that the lender doesn’t expect to ... Read More »

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting
February 13, 2020 No Comments »

I guess homeownership isn’t for everyone, at least if you consider a new study from LendingTree. When respondents were asked if they would “ever go back to renting,” some 28% of Millennials said yes. Even worse, 10% said they’d go ... Read More »

HomeLight Cash Close: Make All-Cash Offers and Trade-In Your Old Home for a New One

HomeLight Cash Close:  Make All-Cash Offers and Trade-In Your Old Home for a New One
February 10, 2020 No Comments »

Real estate agent matchmaker HomeLight has launched two new programs for homeowners in California that make it easier to buy and sell by leveraging the power of cash. The new initiative, known as “HomeLight’s Cash Close program,” includes HomeLight Trade-In ... Read More »

Don’t Take Out a Mortgage to Buy Super Bowl Tickets

Don’t Take Out a Mortgage to Buy Super Bowl Tickets
January 23, 2020 No Comments »

I came across a new partnership between ticket marketplace Stubhub and fintech company Affirm that lets you pay for purchases over time. They launched the new payment option “just in time for the Super Bowl,” per a company press release ... Read More »

Are Home Prices Going to Surge in 2020?

Are Home Prices Going to Surge in 2020?
January 22, 2020 No Comments »

It’s a new year, and with that comes old questions, like will mortgage rates go up or down in 2020? And will home prices rise or fall? Well, a few months ago, you would have probably thought the answer to ... Read More »

Rocket Mortgage Becomes Official NFL Sponsor, Launches Super Bowl Squares Game

Rocket Mortgage Becomes Official NFL Sponsor, Launches Super Bowl Squares Game
January 9, 2020 No Comments »

If you’re into football squares, there’s a new game available via Rocket Mortgage by Quicken Loans related to them becoming an “official mortgage sponsor” of the NFL. The Rocket Mortgage Super Bowl Squares Sweepstakes, which the Detroit-based lender is calling ... Read More »

Mortgage Rates vs. a Potential War with Iran

Mortgage Rates vs. a Potential War with Iran
January 6, 2020 No Comments »

Well, it’s a new year and it certainly didn’t begin quietly. Might as well address the elephant in the room when it comes to your mortgage. This isn’t the first time I’ve discussed the possibility of war and its impact ... Read More »

2020 Real Estate and Mortgage Predictions

2020 Real Estate and Mortgage Predictions
December 30, 2019 No Comments »

Well, 2019 is set to come to a close. It’s certainly been an interesting year (and decade), surely one to remember. But now it’s time to look forward to what 2020 might bring with regard to the housing market, mortgages, ... Read More »