97% of Teens Believe They Will Own a Home One Day
Several months ago, I thanked Millennials for their faith in real estate, seeing that Gen X isn’t a huge fan at the moment. But looking… Read More »97% of Teens Believe They Will Own a Home One Day
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 Wealth Building Home Loan Makes the 15-Year Fixed Mortgage Affordable
Most homeowners opt for fixed-rate mortgages because there aren’t any surprises. Many of them go with a 30-year term because it’s the norm, and also… Read More »The Wealth Building Home Loan Makes the 15-Year Fixed Mortgage Affordable
Should You Take Out a 30-Year Fixed Mortgage Before It’s Gone Forever?
Well-known banking analyst Dick Bove sounded alarm bells earlier this week after he warned of a mortgage crisis by winter. Yes, this winter, as in… Read More »Should You Take Out a 30-Year Fixed Mortgage Before It’s Gone Forever?
White House Asks Lenders to Offer Lower Mortgage Rates to the Military
There’s been a lot of news coverage lately concerning veterans not receiving proper medical care. Sadly, that’s just one area where our military isn’t being… Read More »White House Asks Lenders to Offer Lower Mortgage Rates to the Military
Some Homeowners Will Receive Permanent 2% Interest Rates Thanks to Bank of America Mortgage Settlement
Today, Bank of America reached a historic agreement with the U.S. Department of Justice to pay the largest settlement in U.S. history related to toxic… Read More »Some Homeowners Will Receive Permanent 2% Interest Rates Thanks to Bank of America Mortgage Settlement
Apparently It’s Not a Housing Bubble, But an Affordability Crisis
Here’s some good news, if you can call it that. Real estate experts at a recent housing forum in San Francisco determined that we are… Read More »Apparently It’s Not a Housing Bubble, But an Affordability Crisis
Realtors’ Chief Economist Says FHA Loans Are a Rip-Off for Consumers
Last week, Zillow hosted its fifth housing forum in the nation’s capital to discuss current real estate matters. The panel of reporters, real estate gurus,… Read More »Realtors’ Chief Economist Says FHA Loans Are a Rip-Off for Consumers
Zillow to Buy Trulia for $3.5 Billion in Stock
There were several reports floating around today that Zillow is in talks to buy its smaller rival Trulia for a whole lot of money, despite… Read More »Zillow to Buy Trulia for $3.5 Billion in Stock
Home Prices Are Expected to Peak in 2016, Then Do Pretty Much Nothing Through 2022
Are you still looking to buy a place before time runs out? Don’t want to miss out on the next big housing boom? Well, it… Read More »Home Prices Are Expected to Peak in 2016, Then Do Pretty Much Nothing Through 2022
Opendoor Review: Get an Offer for Your Home in Just 24 Hours
Life has gotten a lot more convenient over the past decade thanks to our friend the Internet. Today, we can shop for clothes, groceries, and… Read More »Opendoor Review: Get an Offer for Your Home in Just 24 Hours