How Far Will Quicken Loans Go?



An article by Reuters points out that Quicken Loans Inc. was once a little known mortgage provider, but since the boom in refinancing, it has become the third largest lender in the country. As the market for refinancing pretty much fulfilled, a new challenge is developing for Quicken Loans. Now it needs to entice potential […]

Freddie Mac Mulls Action Against Eminent Domain Plan



The city of Richmond, a working-class suburb on the San Francisco Bay in California, has already begun sending out letters to mortgage companies offering to purchase loans. It’s an attempt to reduce loans for homeowners who currently owe more than their property is worth.

Mortgage Applications Sink as Rates Rise



The team at RealtyPin.com, a website that analyzes the latest real estate news, has been studying a dramatic drop in the number of mortgage applications at the end of the month of May. By the week ending on the 31st May there were 11.5% fewer applications than the week before as the average rate for a 30 year fixed rate mortgage edged closer to 4%.

Mortgage Scammers Using Search Engines To Target Homeowners



The three most popular search engines – Google, Yahoo! and Bing – are being examined by federal investigators who are trying to track down scammers using the websites as platforms to advertise fraudulent schemes that target homeowners, according to a report by the Associated Press. Typical ads placed online by scammers include promises of assistance […]

Minority Groups Less Likely to Secure A Mortgage



Obtaining a mortgage in a U.S. city nowadays is far more difficult for ethnic minority races to achieve, reports a new study released last Thursday.

The authors of the study, “Paying More for the American Dream V”, called for mortgage lenders to increase their investments in poorer communities, as well as an improvement in disclosure requirements in order to protect borrowers.

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