2021 Mortgage and Housing Market Predictions
Welp, it’ll be nice to close out 2020 and look ahead to a brand-new year that hopefully features a lot less drama and much more… Read More »2021 Mortgage and Housing Market Predictions
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
2021 Mortgage Rate Predictions: Mostly Flat But New Record Lows Possible
Yet another year is about to come to an end, and that means it’s time to look ahead to what next year has in store.… Read More »2021 Mortgage Rate Predictions: Mostly Flat But New Record Lows Possible
Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance
The Department of Veterans Affairs (VA) has proposed a new loss mitigation method to help homeowners with VA loans in COVID-19 related forbearance get back… Read More »Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance
United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2%
The leading wholesale mortgage lender in the nation has brought the heat once again, this time offering 30-year fixed mortgage rates below 2% on FHA… Read More »United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2%
2021 Conforming Loan Limit Rises to $548,250
Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA).… Read More »2021 Conforming Loan Limit Rises to $548,250
Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
While mortgage rates are projected to be slightly higher next year, home purchase activity should hit a new record high, per the latest forecast from… Read More »Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
Will Mortgage Rates Go Up or Down If Trump/Biden Wins the Election?
As everyone knows, we have a very important U.S. presidential election just around the corner. In fact, it’s now less than three weeks away. It… Read More »Will Mortgage Rates Go Up or Down If Trump/Biden Wins the Election?
Costco Mortgage Review: Yes, They Do Home Loans Too, Kind Of
Costco, the well-known mega wholesaler that runs a chain of membership warehouses internationally, rolled out it’s so-called “Mortgage Services” program back in 2011. Now known… Read More »Costco Mortgage Review: Yes, They Do Home Loans Too, Kind Of
Redfin: 2020 Home Sales Will Be Highest Since 2006
While 2020 continues to surprise us, somehow, someway, home sales are expected to hit their highest point since 2006 this year. This, despite an ongoing… Read More »Redfin: 2020 Home Sales Will Be Highest Since 2006
What Will Happen When the CARES Act Forbearance Option Ends?
While it’s still possible to request mortgage forbearance via the CARES Act if you’re having trouble making monthly payments, this option will eventually come to… Read More »What Will Happen When the CARES Act Forbearance Option Ends?