LendingHome rebrands as “Kiavi” and moves into investor loans

Mortgage financing and rental loan provider LendingHome is rebranding itself as “Kiavi” as it looks to expand into providing lending options for real estate investors. The company said the name Kiavi is derived from the Italian word “chiave”, which means “key” in English. The company says it has seen a big jump in demand for […]

What to Know About a 203k Rehab Loan

203k FHA Loans Explained Are you considering buying a home that needs work? When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. FHA 203K Mortgage is the term that designates funding dedicated to purchasing […]

Fannie Mae just gave renters aspiring to home ownership a big boost

First time buyers who’ve always stayed current on their rent might have a better chance of securing a mortgage now. That’s because Fannie Mae is now allowing lenders to factor in an applicant’s rental payment history as part of the mortgage underwriting process for the first time. The move was announced by the Federal Housing […]

Does it Make Sense to Refinance My Mortgage?

If you are asking yourself, “should I refinance?” there are many things to consider. Homes are normally the largest expense people ever commit to and one that can have far-reaching consequences on their financial future. Looking at refinance mortgage options should provide you a way to deal with unexpected expenses, better plan your retirement, or […]

Compass partners with Guaranteed Rate to launch OriginPoint mortgage services

Tech-powered real estate brokerage Compass has officially entered the mortgage business. The company has announced it’s forming a new mortgage origination firm in partnership with Guaranteed Rate Inc. Compass, which is best known for its technology tools that assist real estate agents in marketing themselves and their listings online, wants to expand its business by […]

Homeowners are NOT Using Second Mortgages

One intuitive conclusion about the tight inventory of houses for sale is that the amount of equity owners have in their homes has been rising for several years. Long-term ownership, along with rapid price appreciation, results in homeowners having ten and hundreds of thousands of dollars of wealth built up as home equity. But you […]

Spike in foreclosures is unlikely, analysts say

Forbearance programs for federally backed mortgages are rapidly coming to an end, but the National Association of Realtors has said its research shows that there won’t be a glut of foreclosed homes hitting the market, as some had warned. The national forbearance moratorium will end on July 31, but most homeowners are expected to end […]

Mortgage servicers brace themselves as forbearance programs edge towards expiration

Mortgage servicers are preparing for a wave of delinquent mortgages and possible foreclosures to hit the market, but say they have already taken steps to mitigate their impact. The U.S. government made mortgage forbearance available to any home loan borrowers in the early days of the COVID-19 pandemic, and those who took up the option […]

Fannie Mae chair warns against cash-out refinancing

Housing industry experts have been pretty vocal about the benefits of refinancing a mortgage lately, saying homeowners can benefit from current low interest rates to save potentially hundreds of dollars a month on their loan repayments. But Sheila Bair (pictured), chair of the board of directors at Fannie Mae this week warned that refinancing is […]

Benefits of Private Mortgage Lenders

When most homeowners seek a mortgage, they go to a bank, credit union, or other financial institution, but sometimes, these lenders won’t lend them money for a variety of reasons. When looking for a mortgage broker Barrie homeowners who are having a hard time getting approved for a loan may want to consider a private […]