Tag Archives: mortgages

More US mortgages are ‘seriously underwater’ as equity dwindles

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The share of seriously underwater mortgages moved up slightly from 2.6 percent to 2.7 percent in the first quarter, according to a report from Attom released Thursday. Continue reading →

Mortgage broker salary: How much do they make?

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Mortgage brokers typically make a 1 percent to 2 percent or more commission from each loan they broker, but a lot of other variables determine how much money they make in a year. Continue reading →

How to answer buyers’ top 10 most-asked mortgage questions

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Agents should be prepared to answer their buyer’s mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area. Continue reading →

Prices may be dropping, but homes still have loads of equity

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As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to a new report from Attom. Continue reading →

The end of credit scores? The best ideas from Zillow’s Hackathon

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The Seattle-based listing giant announced the three top innovations that emerged from its annual competition for students of historically Black colleges and universities. Continue reading →

US home equity has reached new heights. What happens next?

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Gains in household real estate equity have far outpaced growth in U.S. mortgage debt, according to new numbers from the Federal Reserve board. Continue reading →

The most important mortgage column you may ever read

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An “All-In-One-Mortgage” combines a bank account, a mortgage, and an equity line of credit (the equivalent of a HELOC) into a single product that accomplishes each of these goals. Author and consultant Bernice Ross discusses its potential for homeowner… Continue reading →

All gas, no brakes: Knock speeds into Detroit en route to 75 markets

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As of Thursday, Knock’s Home Swap and Knock GO, its “same-as-cash” mortgage product, will be offered to consumers in the Detroit, Ann Arbor and Flint through its network of partner agents. Continue reading →

Rates for 30-year mortgages reach highest point since early spring

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Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions. Continue reading →

What the US climate-risk review means for FHA, VA loans and more

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Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Continue reading →