While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse.… Read More »Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
Last week, HUD Secretary Julián Castro and NAR President Chris Polychron told a room full of realtors that it was exploring alternative credit scoring models… Read More »Soon Your Mortgage Lender May Pull Your VantageScore
The latest issue of Consumer Reports magazine recommends that consumers avoid mortgage brokers when seeking home loan financing. As a result, the popular publication, which… Read More »Consumer Reports Bashes Mortgage Brokers, Receives Backlash
The real estate market is starting to get really, really weird. Recently, an open house was actually shut down by the police after more than… Read More »An Open House Got Shut Down by the Cops
File this one under PR department. Or perhaps publicity stunt. Last week, First Savings Mortgage Corporation based out of McLean, Virginia launched a 6/1 adjustable-rate… Read More »Mortgage Lender Launches Six-Year ARM
Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there? Today, BBVA Compass… Read More »BBVA Compass Launches No Down Payment Mortgage
After only about three years, Discover might be looking to get out of the mortgage business, per a new interview with Discover Financial CEO David… Read More »Discover May Exit the Mortgage Biz
Looking to calculate a mortgage payment on the fly? Instead of searching for a mortgage calculator using Google, you can now do some calculations simply… Read More »Google Launches Mortgage Calculator Within Search Results
Here’s an interesting, though not surprising data point from Zillow. It turns out properties located next to Starbucks locations are bigger winners in terms of home… Read More »Homes Next to Starbucks Are Worth More
It has now been roughly seven years since the devastating housing crisis rocked our great nation. Between 2007 and 2014, foreclosure activity ran well above… Read More »The Mortgage Crisis Created Nearly 7.3 Million Potential Boomerang Buyers
