2016 Mortgage Rates Forecast: They Could Climb to 5%
2016 Mortgage Rate Predictions Well, another year is behind us and it’s time to look into the crystal ball to see what 2016 has in… Read More »2016 Mortgage Rates Forecast: They Could Climb to 5%
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.
California Credit Union Launches 80/20 Piggyback Mortgage
Could 2016 be the year that the piggyback mortgage returns? Well, one California credit union is taking things back to 2006 with their new “Premier… Read More »California Credit Union Launches 80/20 Piggyback Mortgage
Zillow Now Lets You Be Your Own Appraiser
Everyone knows about the Zestimate, Zillow’s data-driven answer to the traditional home price appraisal. But they’ve now gone a step further with the launch of… Read More »Zillow Now Lets You Be Your Own Appraiser
The POPPYLOAN Is Here to Help San Franciscans Buy Really Expensive Homes with Nothing Down
Home prices are getting expensive out there, especially in the Bay Area (Northern California) where inventory is low and demand is red hot. But fear… Read More »The POPPYLOAN Is Here to Help San Franciscans Buy Really Expensive Homes with Nothing Down
Introducing the Redfin Estimate
Watch about Zillow…your Zestimate now has company. Today, Redfin announced the availability of the so-called “Redfin Estimate,” which is the online real estate brokerage’s answer… Read More »Introducing the Redfin Estimate
Rocket Mortgage Review: Full Approval in Just 8 Minutes
Do you know how long it takes for the space shuttle to reach orbit? Apparently it takes just eight minutes, the same amount of time… Read More »Rocket Mortgage Review: Full Approval in Just 8 Minutes
It Just Got Easier to Get an FHA Loan on a Condo
Looking to buy a condo but need an FHA loan to get the job done? In the past this may have presented some challenges, but… Read More »It Just Got Easier to Get an FHA Loan on a Condo
Fannie Mae to Use Trended Data When Evaluating Your Credit
Beginning in mid-2016, Fannie Mae will incorporate “trended credit data” into its automated underwriting system Desktop Underwriter (DU). You’re probably wondering what trended credit data… Read More »Fannie Mae to Use Trended Data When Evaluating Your Credit
Faira Looks to Ditch the Real Estate Agent
A new company called Faira, founded by a guy who designed business models for eBay and Microsoft, wants to sell your home with less stress… Read More »Faira Looks to Ditch the Real Estate Agent
The BRED Mortgage: Combining a 30-Year Fixed, 15-Year FRM, and 5/1 ARM
Most homeowners these days rely on 30-year fixed-rate mortgages to finance their homes. But there are obvious drawbacks to the 30-year fixed, one being that… Read More »The BRED Mortgage: Combining a 30-Year Fixed, 15-Year FRM, and 5/1 ARM