A Virginia-based mortgage lender has launched a loan officer compensation plan that provides originators with a piece of the loan servicing fee. Typically, a loan… Read More »Mortgage Lender Offers to Share Servicing Income with Its LOs
Fannie Mae has rolled out a new version of its automated writing system, known as Desktop Underwriter® (DU®) Version 10.0. The new version has a… Read More »It’s Now Easier to Get a Mortgage Without a Credit Score
Recently, I wrote about when the next housing crash might take place. For opportunists, it’s something to look forward to. For others, and frankly most… Read More »See Which Phase of the Housing Cycle Your City Is In
There’s yet another mortgage disruptor in town, the latest goes by the name of “Morty.” Sounds like a play on the word mortgage…or someone’s last… Read More »Morty: The Mortgage Broker 2.0
A new study from the Urban Institute reveals that women are better at paying the mortgage despite receiving less favorable terms than men. This despite… Read More »Women Are Better at Paying the Mortgage Despite Worse Terms
A little over a year ago, I wrote that HARP had received its final extension. I affixed the word “probably” to the end of it… Read More »Permanent HARP Refinance Replacements Have Been Unveiled
You may have heard that you can lower your monthly mortgage payment without refinancing via a “mortgage recast.” These two financial tools are quite different,… Read More »Mortgage Recasting 101: How It Works and What It Does
If you’ve been renting out your own house or condo via Airbnb, or a similar service like HomeAway or FlipKey, you might have more difficulty… Read More »Airbnb Is Reportedly Messing Up Mortgage Applications
A new analysis from Zillow reveals that many homes would actually be worth a lot more today had there been no housing bubble back in… Read More »Zillow: Homes Would Be Worth More Without the Housing Bubble
It seems just about everyone is lowering mortgage down payment requirements to deal with rising home prices, this despite the near-record low mortgage rates still… Read More »Quicken Loan’s 1% Down Mortgage Program
