If you were shopping for a mortgage and a bank offered you an extra low rate on a 1-year adjustable-rate mortgage, you’d probably scoff at… Read More »The 1-Year ARM Is Hugely Popular with the Rich Right Now
If you think this year has been slow in mortgage land, don’t ask what next year has in store. A new forecast released by the… Read More »MBA Forecasts $1.2 Trillion in Mortgage Volume in 2014, Down 32% from 2013
I’ve written about the Home Affordable Refinance Program (HARP) on this blog many, many times. Most of the posts have focused on possible extensions and… Read More »HARP 2.1 Is Here! Fannie and Freddie to Use Note Date for Eligibility
In less than a month, Fannie Mae is implementing some tough new mortgage guidelines, including a larger minimum down payment requirement. Come November 16th, 2013,… Read More »Say Goodbye to the 3% Down Payment Mortgage
While it might sound like following in the footsteps of hedge funds, or taking advice from Warren Buffett, who recently said he’d invest in single-family… Read More »Mark Zuckerberg Is Now an Investor in Single-Family Homes
The latest buzzword on the street is “shutdown,” and apart from being buzzworthy, it’s actually very real. National parks are closed and hundreds of thousands… Read More »How the Government Shutdown Affects Various Types of Mortgages
Well, it took 79 years, but the FHA’s squeaky-clean track record is over. FHA Commissioner Carol Galante wrote a letter to Congress formally requesting a… Read More »FHA Bailout Official: Agency Makes Request for $1.7 Billion from Treasury
This morning, Zillow, the company behind the love it or hate it Zestimate, released a new study that analyzed the impact credit scores have on… Read More »Zillow: Credit Score Single Most Important Factor for Mortgage Rates
Getting a mortgage is never a sure thing, even if you’re the richest individual in the world. And even if you have a perfect 850… Read More »Why Mortgages Are Declined: 50 Reasons You Might Be Denied a Home Loan
Yesterday, many declared “victory” when the Fed decided not to taper its monthly purchases of mortgage-backed securities and longer-term Treasuries. Put simply, most assumed the… Read More »Is the ‘No Taper’ Good or Bad for Mortgage Rates and the Housing Market?
