You may remember GMAC Bank, which was taken down by its fateful mortgage arm Residential Capital (ResCap) before eventually requiring a government bailout. It wasn’t… Read More »Ally Home Loans: Bank Now Offers Retail Mortgages to Its Customers
Caliber Home Loans out of Irving, Texas wants to close your mortgage faster than anyone else, and thinks it can accomplish the feat in less… Read More »Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days
I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because it’s fixed for the entire duration of the loan. The… Read More »Is the 30-Year Fixed Mortgage Actually a Lot of Work?
It’s been an eventful three weeks or so since the U.S. presidential election took place, that is, if you keep an eye on mortgage rates.… Read More »Post-Election Mortgage Rate Surge Crushes Refi Candidates, Puts Home Prices on Watch
Now that mortgage rates have jumped, it might be time to take a look at how you’re repaying your mortgage. Put simply, if your mortgage… Read More »Is Now the Time to Slow Down Mortgage Repayment?
You may have already read the headlines. Things like Trump-fueled Treasury surge and the so-called Trump Effect, all driving mortgage rates higher. And it’s not… Read More »President-Elect Trump vs. Mortgage Rates
Often times student loans get in the way of a mortgage because of the tremendous monthly debt, but fintech lender SoFi wants to create the… Read More »SoFi Wants You to Pay Off Your Student Loans with a Mortgage
HomeBridge Financial Services announced this morning that it plans to acquire the operating assets of Prospect Mortgage, LLC headquartered in Sherman Oaks, CA. Specifically, HomeBridge… Read More »HomeBridge Financial to Acquire Prospect Mortgage Loan Platform
Effective immediately, the FHA will lower its owner-occupancy requirement for certain approved condominium complexes to just 35%. That means a given complex only needs about… Read More »FHA Lowers Owner-Occupancy Requirement to 35% for Certain Condos
Good News for Real Estate Agents The Mortgage Bankers Association (MBA) expects home purchase lending to hit $1.1 trillion next year, per their latest economic… Read More »Home Purchase Mortgage Volume to Exceed $1 Trillion in 2017
