Refinance

Everything you’ve ever wanted to know about refinancing a mortgage.

There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance

There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
February 19, 2018 No Comments »

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 »

Why Don’t More People with High-Rate Mortgages Refinance?

Why Don’t More People with High-Rate Mortgages Refinance?
September 29, 2016 1 Comment »

If you have a mortgage, you’ve undoubtedly had some company urge you to refinance, especially right now with mortgage rates being as low as they are. And hey, the bank or lender probably has a point if you received your ... Read More »

Why Do Mortgage Companies Want You to Refinance So Badly?

Why Do Mortgage Companies Want You to Refinance So Badly?
November 3, 2015 No Comments »

If you already have a mortgage, there’s a good chance you receive junk mail on a regular basis urging you to refinance. You may receive solicitations from both your current bank and from a competing lender or mortgage broker looking ... Read More »

The FHFA Just Launched a National Campaign for HARP Four Years After the Program Was Created

The FHFA Just Launched a National Campaign for HARP Four Years After the Program Was Created
September 23, 2013 1 Comment »

This morning the FHFA launched a national campaign to educate homeowners about the Home Affordable Refinance Program (HARP). While that sounds like a sensible move to promote the underwater refinancing program, it comes four years after the initiative was originally ... Read More »

Mortgage Lending Surged 38% in 2012 on Refinance Strength

Mortgage Lending Surged 38% in 2012 on Refinance Strength
September 18, 2013 1 Comment »

Last year was a great year to be a loan originator. Next year probably not so much. This year, we’ll see. In 2012, residential mortgage lending increased by an impressive 38%, compared to volume seen a year earlier, according to ... Read More »

125% Second Mortgages Are Back Again…

125% Second Mortgages Are Back Again…
September 5, 2013 5 Comments »

It feels like we’re getting dangerously close to repeating history in the worst way possible. High-risk loan programs that seemed extinct were perhaps only endangered, as evidenced by a new product launch over at CashCall, an Orange County based company ... Read More »

Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away

Purchase Applications Grab Majority Share of Mortgage Market in July as Refinances Fade Away
August 22, 2013 No Comments »

There’s been a lot of fuss about the refinance market drying up lately, and we now know it’s not just noise. Last month, purchase-money mortgages gobbled up the majority share of the overall mortgage market, according to the latest Origination ... Read More »

The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous

The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous
August 19, 2013 1 Comment »

Everyone’s heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadn’t heard about it until last week, when a commercial popped up on my television pitching the new system. I love scrutinizing mortgage companies and their products ... Read More »

Goodbye Refi: Only 55% of Mortgages Have Above-Market Interest Rates

Goodbye Refi: Only 55% of Mortgages Have Above-Market Interest Rates
August 16, 2013 No Comments »

The last couple of months have been rough, real rough, assuming you work in the mortgage industry. Sure, things aren’t terrible, but I’ll assume most participants would prefer to be living in May 2013, as opposed to August 2013. After ... Read More »

Obama Answered My Question About HARP 3

Obama Answered My Question About HARP 3
August 8, 2013 2 Comments »

This week has been all about Obama, at least on this blog. The President has been making the rounds, visiting multiple locations on the West Coast to discuss the state of the economy, housing, and of course, mortgages. After a ... Read More »