USDA Home Loans Are About to Get More Expensive
While the government has been busy lowering costs for FHA loans, it seems the opposite will happen for USDA home loans, which are one of… Read More »USDA Home Loans Are About to Get More Expensive
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.
The Greeks Aren’t Making Their Mortgage Payments
And who could blame them…what with their entire financial system in complete disarray. The Greek situation is a mess, as you’ve probably heard. The government… Read More »The Greeks Aren’t Making Their Mortgage Payments
Harvard: Renting Is the New Buying, But It’s Unaffordable
The Joint Center for Housing Studies of Harvard University released the 2015 edition of The State of the Nation’s Housing report this week and it… Read More »Harvard: Renting Is the New Buying, But It’s Unaffordable
Realtor and Airbnb Team Up to Let People Try Before They Buy
Consider this common scenario. You really like a house and decide to make an offer. After winning a bidding war and perhaps paying a little… Read More »Realtor and Airbnb Team Up to Let People Try Before They Buy
Discover to Halt Mortgage Lending
If you’re wondering how difficult it is to enter the business of originating mortgages, just take a look at Discover. The credit card company turned… Read More »Discover to Halt Mortgage Lending
The Mortgage Crisis Needed More Adjustable Rate Mortgages
You know what the mortgage crisis needed more of? Adjustable-rate mortgages. Yep, we needed more loans with variable interest rates to both avoid such a… Read More »The Mortgage Crisis Needed More Adjustable Rate Mortgages
You Can Buy a Nice House in Houston for $1
A family living in Sunset Heights, close to the center of Houston, Texas, is parting with their home for just $1. But in order to… Read More »You Can Buy a Nice House in Houston for $1
HARP and HAMP Receive Final Annual Extension, Probably
Since being introduced back in 2009, both and the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) have helped millions either… Read More »HARP and HAMP Receive Final Annual Extension, Probably
Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
The United States Department of Justice has filed a lawsuit against Quicken Loans for improperly originating and underwriting mortgages insured by the Federal Housing Administration… Read More »Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
Mortgage Lenders In Europe Now Owe Their Borrowers Interest
A very odd thing is happening over in Europe. Thanks to rock bottom interest rates, some homeowners are actually due interest from their mortgage lenders.… Read More »Mortgage Lenders In Europe Now Owe Their Borrowers Interest