The latest weekly Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that 7.80% of outstanding home loans were in forbearance. That… Read More »Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios
One of the biggest hurdles to homeownership is down payment. Most people can afford a monthly mortgage payment, especially with interest rates so low, because… Read More »What Is a Gift of Equity? One Way to Buy Your Parents House
You may have heard that mortgage is a “good debt,” in that it’s okay to carry a multi-hundred-thousand-dollar loan for decades on end. While that… Read More »Is Mortgage a Good Debt or a Bad Debt? It Can Be the Absolute Best Debt
One of the trickiest aspects of homeownership is unloading an existing property while acquiring a replacement. Aside from being stressful, it can also be difficult… Read More »Knock Home Swap: Buy, Sell, a Get a Mortgage with Just One Company
Thanks to a newly released SEC Form S-1 associated with their upcoming initial public offering (IPO), we now know a lot more about closely held… Read More »A Look Inside the Books of Rocket Companies, Inc.
While the housing market has been coming up roses lately, even in the face of COVID-19, it might turn out to be a short-lived affair… Read More »Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
If you’re curious which mortgage lender closed the most home loans in 2019, I’ve got your answer. You probably already guessed that the top mortgage… Read More »The Top 25 Mortgage Lenders of 2019
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed… Read More »Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage
We’re starting to get a better picture of how COVID-19 affected the housing market, with the National Association of Realtors’ existing-home sales report showing a… Read More »COVID-19 May Have Just Been a Speed Bump for Surging Housing Market
One mortgage lender making a big splash of late is Newrez, short for New Residential Investment Corp. They’ve grown mightily thanks to their 2019 acquisition… Read More »NewRez Mortgage Review: Are They the Home of Your Perfect Loan?
