Feds are now expanding access to a range of Mortgage Loans



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During the first week of August, the Federal Housing Administration (FHA) announced its plans to expand credit facilities for all underserved borrowers and ease the risk for all approved lenders. This new measure is intended to broaden the measurement metric for assessing a lender’s default performance. This move is an attempt to expand mortgage loan […]

Jumbo Loans Are Hot



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Jumbo loans are residential loans that exceed limits that can be guaranteed by Fannie Mae and Freddie Mac. These are loans that lenders either have to keep on their own books or sell to a secondary market that’s not backed by the federal government. Fannie and Freddie backed loans are known as conforming loans. There […]

Avoid the bubble by not being in it! 



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The best shot you have is to organize yourself, build the right plan and attitude, and have the discipline to attack the mortgage head-on.

78% of buyers aim for pre-approval before searching for a home



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Prospective buyers want to enter their home search totally prepared, according to a new survey of more than 2,500 Americans.

Why is Homeownership Down But Prices are Up



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It’s all about supply and demand, right? Or it’s the new normal. Today’s real estate market is very different from the market of 2004 or 2005. The fact is the affects of the Great Recession are going to remain with us for a long time. It created fundamental changes in the economy and real estate […]

RealtyTrac data shows home loan originations up 23 percent



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The real estate market is showing signs of life with the news that home loan applications are up by a massive 23 percent in the last quarter

Will mortgage applications be the next to go digital?



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It’s never easy to apply for a mortgage, but thanks to advances in technology we can at least do so from the comfort of our own homes. Millions of Americans already make use of the Internet for other financial services, such as online banking, paying bills and filing tax returns. But the process of applying […]

United Wholesale Mortgage rolls out interest-only financing



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United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers

More affordable to buy than rent in 66 markets



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Making monthly house payments on a three-bedroom property is more affordable than paying fair market rent on a three-bedroom property in 188 of the 285 counties analyzed

Your Guide To Reverse Mortgage Strategies



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People are literally retiring by the hundreds of thousands each year and will continue doing so for the next decade. That means these people will be looking everywhere for retirement funds. One of those places is the equity in their homes. That means reverse mortgages are going to be an attractive option for years to […]