This morning, the House Financial Services Committee heard testimony from five housing industry leaders regarding the new QM rule. The hearing, titled, “How Prospective and… Read More »Quicken CEO: Mortgage Rates on Non-QM Loans 4-5% Higher Than QM Loans
A new analysis from real estate information portal Trulia revealed that the overwhelming majority of real estate agents actually own homes as opposed to rent.… Read More »Nearly 85% of Real Estate Agents Are Actually Homeowners
We all know underwriting standards have improved immensely since the latest housing crisis. When it comes down to it, they couldn’t have gotten much worse,… Read More »Mortgages Originated in 2013 the Best Performing on Record
Well, 2013 has officially come to a close, and 2014 is well underway. For a moment there, it seemed as if each holiday was followed… Read More »10 Predictions for Mortgage and Housing in 2014
During the early 2000s, you didn’t need to prove much to qualify for a mortgage. In fact, it got to a point where it was… Read More »The Average Mortgage Application File Is Now 500 Pages Long
Conventional wisdom says its best to list your home in spring if you want to get the most bang for your buck. And by that,… Read More »It Turns Out the Best Time to Sell a Home Is During Winter
A few years back, the Fed began purchasing mortgage-backed securities in an effort to lower interest rates on mortgages. Over time, the endeavor, known as… Read More »How the Fed Ruined Mortgage Rates Forever
Plenty of strange things happened after the latest housing boom and subsequent bust, but this is perhaps one of the most interesting byproducts. An insurance… Read More »Underwater Mortgage Insurance: Yes, It Exists Now
After much speculation and fear mongering, the FHFA finally announced this morning that the conforming loan limit for mortgages acquired by Fannie Mae and Freddie… Read More »2014 Conforming Loan Limits Unchanged (Except for These 18 Counties)
Things are getting nasty in the mortgage world. Former Fannie Mae executive vice president and chief credit officer Edward Pinto slammed the FHA in an… Read More »Former Fannie Mae Executive Says the FHA Is a Predatory Lender
