Tag Archives: mortgage

The government is cracking down on reverse mortgages

By Patrick Kearns | September 28, 2018 - 4:30 pm |September 28, 2018 Uncategorized

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Homeowners looking for a reverse mortgage may have to undergo a second appraisal in certain circumstances, thanks to new guidance from the Federal Housing Administration (FHA). Continue reading →

Pending home sales decrease in August, marking 8-month decline

By Marian McPherson | September 27, 2018 - 4:08 pm |September 27, 2018 Uncategorized

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Pending home sales dropped 2.3 percent in August — the eighth consecutive month of annualized declines, according to the National Association of Realtors. Continue reading →

Fed raises interest rates another 0.25% in third hike this year

By Marian McPherson | September 26, 2018 - 6:37 pm |September 26, 2018 Uncategorized

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The Federal Reserve increased its short-term interest rate from 2 percent to 2.25 percent Wednesday, the third rate hike to take place this year.  Continue reading →

Mortgage rates rise for fourth week straight

By Veronika Bondarenko | September 20, 2018 - 4:29 pm |September 20, 2018 Uncategorized

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The 30-year-fixed mortgage rate averaged 4.65 percent this week, the highest since May, according to Freddie Mac’s most recent Primary Mortgage Market Survey. Continue reading →

Blend wants to make applying for a mortgage suck less with AI

By Veronika Bondarenko | September 19, 2018 - 6:41 pm |September 19, 2018 Uncategorized

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The Peter Thiel-backed San Francisco-startup’s new product for lenders, Blend Intelligence, automatically requests documents from borrowers and runs health checks on them. Continue reading →

Motto Mortgage Group adds franchise in Northwest U.S.

By Bryson Masse | September 19, 2018 - 4:29 pm |September 19, 2018 Uncategorized

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Motto Mortgage Group, a mortgage brokerage spun off from RE/MAX, is expanding to the Seattle metro area with a new office in Edmonds, WA. Continue reading →

Armed with $1.2B, Bungalo launches into crowded iBuyer market

By Teke Wiggin | September 18, 2018 - 1:00 pm |September 18, 2018 Uncategorized

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A new, extremely well-funded online homeselling startup has entered the fray. It offers a platform that lets buyers search, tour, finance and close on a home and looks positioned to flip thousands of homes in the years ahead. Continue reading →

New legislation aims to make mortgages easier for gig workers

By Marian McPherson | September 17, 2018 - 6:12 pm |September 17, 2018 Uncategorized

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Self-employed workers have a hard time qualifying for a mortgage. A new bill called the Self-Employed Mortgage Access Act could change that. Continue reading →

Figuring out financing is the first step for 73.5% of buyers

By Marian McPherson | September 12, 2018 - 8:20 pm |September 12, 2018 Uncategorized

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In a loanDepot and mellohome survey of 1,000 buyers, 73.5 percent said they researched financing options before they began looking for a home. Continue reading →

Don’t blame baby boomers for surging home prices: Trulia

By Marian McPherson | September 6, 2018 - 7:18 pm |September 6, 2018 Uncategorized

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Baby boomers have no sway on the affordability of housing in major markets like San Francisco and New York City, according to a new study. Continue reading →