Ever wonder what share of borrowers are taking out a 15-year mortgage as opposed to a standard 30-year fixed? Or an ARM instead? Well, I… Read More »Mortgage Originations by Product Type: What’s Most Popular?
You’ve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not.… Read More »Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
Don’t have the required down payment to purchase your dream home? No problem. There’s now a service that lets you crowdfund your mortgage down payment.… Read More »HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful… Read More »Lennar Offers to Pay Your Student Loans If You Buy a New Home
Confused yet? Yeah, me too. Let’s dive in. For a while now, the 30-year fixed-rate mortgage has been under attack. In short, opponents of the… Read More »A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early
A company called ZHome, which can apparently generate an offer to buy your home within 24 hours, is also making it easier for existing homeowners… Read More »ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
It’s been a tough year or so for Wells Fargo, the undisputed king of mortgages. While they continue to lead the nation in home loan… Read More »Wells Fargo Hit with Lawsuit Related to Improper Mortgage Lock Fees
A mortgage bank by the name of “360 Mortgage Group” is making some lofty claims, one being a 15-minute full mortgage approval. The company says… Read More »360 Mortgage Group Touting 15-Minute Mortgage Approval Sans Loan Officer
Think you can’t get a jumbo home loan these days? Think again. Power couple Jay-Z and Beyoncé somehow managed to get a $52.8 million-dollar mortgage… Read More »Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home
Nationstar Mortgage, which was once on the brink of failure, officially announced its name change to “Mr. Cooper” in August 2017. The move appeared to… Read More »Mr. Cooper Mortgage Review: The Lender Formerly Known as Nationstar
