MID ‘a wasteful use of federal resources,’ says housing group

How can the United States tackle the increasingly problematic issue of homelessness and housing poverty? The National Low Income Housing Coalition (NLIHC) thinks that reforming the mortgage interest deduction (MID) is the way to move forward. But it’s …

9 ways homebuyers can improve their credit scores

The real estate business is booming, and with a scarce supply of starter homes on the market, competition between buyers is fierce. To get loans quickly, potential homebuyers need to keep an eye on their finances and credit …

9 ways homebuyers can improve their credit scores

The real estate business is booming, and with a scarce supply of starter homes on the market, competition between buyers is fierce. To get loans quickly, potential homebuyers need to keep an eye on their finances and credit …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

Check out loanDepot’s very SoCal plans for its ‘mello Innovation Lab’

LoanDepot’s “mello,” a proprietary end-to-end digital lending platform, is getting its own Irvine, California-based tech campus dubbed the “mello Innovation Lab.” …

What real estate agents should know about zero-down loans

No longer do you have to be a qualified veteran or live in a rural area to get a mortgage without putting down a penny. For nearly a decade, only buyers who qualify for VA or USDA Rural Development mortgages have been able to buy a home with zero down …

Why aren’t borrowers happier with their mortgage providers?

After years of steady improvements, mortgage services appear to be backsliding, according to the latest study from J.D. Power. They haven’t stooped to the low bar set by United Airlines, which is now infamous for dragging a customer off one of its flights. But some mortgage customers says they are getting better service from their cellphone companies, which isn’t exactly setting the bar very high …

Quicken slapped with $11M fine in class-action appraisal lawsuit

On one side, you have 2,770 consumers who claim that their lender suggested property values to appraisers (who are supposed to be utterly objective) when securing their loans. And on the other side, you have a lender claiming that the two law firms hea…

Win and close more buyers with an exclusive mortgage product

Real estate agents far and wide know financing challenges can make or break a deal, even if they have a preapproved buyer ready and willing to make a purchase …