2017 Was the Best Year for Home Purchase Mortgages Since the Market Peak
It turns out 2017 was a banner year for mortgages, just not all of them. A total of $ 1.148 trillion in home purchase mortgages were funded last year, the […]
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Flagstar Offering Zero Down Mortgages to Michigan Home Buyers
Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrower’s closing […]
Read More >>While Mortgages Go Digital, People Still Matter, a Lot
The latest buzz in the mortgage world is e-mortgages, or digital mortgages, or paperless mortgages. Or mortgages that don’t require human interaction, or the painstaking process of getting dressed in […]
Read More >>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 >>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% […]
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