Why Your USDA Loan Just Got Cheaper
After increasing the price of a USDA-insured mortgage last year, the Rural Housing Service has now slashed the associated fees to make them much more… Read More »Why Your USDA Loan Just Got Cheaper
Why Don’t More People with High-Rate Mortgages Refinance?
If you have a mortgage, you’ve undoubtedly had some company urge you to refinance, especially right now with mortgage rates being as low as they… Read More »Why Don’t More People with High-Rate Mortgages Refinance?
Mortgage Lender Offers to Share Servicing Income with Its LOs
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
It’s Now Easier to Get a Mortgage Without a Credit Score
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
See Which Phase of the Housing Cycle Your City Is In
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
Morty: The Mortgage Broker 2.0
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
Women Are Better at Paying the Mortgage Despite Worse Terms
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
Permanent HARP Refinance Replacements Have Been Unveiled
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
Mortgage Recasting 101: How It Works and What It Does
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
Airbnb Is Reportedly Messing Up Mortgage Applications
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