1% Down Payment Mortgages Come Under Fire
While we’ve come a long way since housing bottomed, the memories of how we got there still don’t feel very distant. A lot of things contributed to the complete breakdown […]
Read More >>Posts Tagged ‘Mortgages’
Today’s Mortgages Are Not Your Older Sibling’s Mortgages
While pundits and fusspots continue to question whether we’re headed for another housing bubble, consider this: The most recent mortgages were among the highest quality (lowest risk) since 2001. Indeed, […]
Read More >>How Risky Mortgages Might Make You Money
The recent trend of mortgage lenders requiring less and less money down might actually be a boon for investors everywhere. In case you haven’t noticed, big lenders like Wells Fargo […]
Read More >>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 disastrous downturn and recovery more […]
Read More >>Small Mortgages Cost More and Are Harder to Come By
In the mortgage world, you’re more likely to get charged a higher interest rate for a larger loan amount, such as one above the conforming loan limit, in what is […]
Read More >>Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse. And somewhat ironically, it is […]
Read More >>Refinance Share of Mortgages Rises for Fourth Straight Month
In a surprising turn of events, refinancing is finishing the year unexpectedly strong, per the latest Origination Insight Report from Ellie Mae. The company revealed that refinances accounted for 45% […]
Read More >>Fannie and Freddie Will Offer 3% Down Mortgages Again
Some good news finally came out of Las Vegas today, and I’m not talking about someone winning a mega jackpot on an oversized one-armed bandit. During the Mortgage Bankers Association’s […]
Read More >>Despite Low Rates, Nearly Half of Homeowners Haven’t Refinanced Their Mortgages
At a time when mortgage rates are still in the bargain basement, one would think that a large majority would be taking advantage by refinancing their old mortgages. But that […]
Read More >>Why Mortgages Are Declined
Getting a mortgage is never a sure thing, even if you’re the richest individual in the world. And even if you have an 850 FICO score. There are a ton […]
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