Your lender doesn’t want you to know this mortgage hack exists
Ryan Thomson unpacks how assumable mortgages work and why they’re coming back
More problems for homebuyer as government shutdown hit 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside 30-day grace period for National Flood Insurance Program renewals
by Matt Carter Oct 31
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
by Matt Carter Sep 3
7 tips for guiding homebuyers through the VA loan process
Are your clients considering a Veterans Affairs home loan? Let Clever Real Estate’s Luke Babich walk you through the most common pain points to help ease the process for your buyers
by Luke Babich Sep 18
Cap on servicer fees for FHA loan assumptions doubled to $1,800
While the Community Home Lenders of America welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions
by Matt Carter May 22
Congress closer to prodding VA to update appraisal requirements
The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
by Matt Carter Sep 15
Commission study paid for by HomeServices comes under fire
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
by Andrea V. Brambila Jul 27
Foreclosure ban and mortgage forbearance through June
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
by Andrea V. Brambila Feb 16
National Guard troops deployed to fight COVID eligible for VA loans
The new law is a 'game-changer' for thousands of members who support states' pandemic response, as they will now have access to zero-down-payment mortgages
COVID-19-related forbearance volumes decline for first time since pandemic hit
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
Trump administration announces halt on foreclosures and evictions
For now, evictions and foreclosures will be placed on a moratorium until the end of April
by Lillian Dickerson Mar 18
U.S. Capitol
Loan approvals and mortgages could be delayed, but experts think the housing market would bounce back.
How might rising interest rates impact the market?
Increased rates could decrease the number of qualified buyers as well as sales prices
by Ray Brousseau Nov 5
Bureau fines mortgage lender $250,000 for deceptive ads
RMK Financial’s marketing falsely claimed mortgage products were endorsed by VA and FHA, bureau says
by Amy Tankersley Apr 9