Most Recent Mortgage News

Rocket adds debt service coverage ratio investor mortgages

Rocket adds debt service coverage ratio investor mortgages

Rocket Mortgage has come out with a debt service coverage ratio product in both its wholesale and retail channels, joining...

  • 214
Mortgage Brain signs up new buy-to-let lender Rely – Mortgage Strategy

Mortgage Brain signs up new buy-to-let lender Rely – Mortgage Strategy

Mortgage Brain has signed up new buy-to-let lender Rely to its Sourcing Brain and Criteria Brain modules. Rely was launched...

  • 192
Finally a Big Week for Mortgage Rates Thanks to Delayed Jobs Report

Finally a Big Week for Mortgage Rates Thanks to Delayed Jobs Report

I feel like I haven’t written a word about mortgage rates since the government shutdown began. Part of that is...

  • 170
Executive: ‘Florida condo crisis’ is Fannie Mae’s fault, but a fix could be coming soon

Executive: ‘Florida condo crisis’ is Fannie Mae’s fault, but a fix could be coming soon

“Number one, it is going to increase the amount of money available for maintenance and keeping condos in the right...

  • 176
FHA borrowers face growing payment challenges

FHA borrowers face growing payment challenges

Mortgage delinquencies increased by 6 basis points from the second quarter, as the performance of Federal Housing Administration-insurance loans declined,...

  • 245
10 Nov to 14 Nov – Mortgage Strategy

10 Nov to 14 Nov – Mortgage Strategy

This week’s top headlines: FCA chief flags up ‘structural challenges’ to homeownership and OSB Group launches specialist BTL lender Rely...

  • 182
No, Fannie Mae and Freddie Mac Haven’t Abandoned Credit Scores

No, Fannie Mae and Freddie Mac Haven’t Abandoned Credit Scores

Social media has been abuzz lately with news that Fannie Mae no longer requires a minimum credit score. Traditionally, both...

  • 204
Can a 50-year mortgage work? Brokers offer creative solutions despite backlash

Can a 50-year mortgage work? Brokers offer creative solutions despite backlash

Gret Uttal, president of Cyberlink Software Solutions, has been in the mortgage industry for more than 40 years. He said...

  • 155
A 50-year mortgage to double interest paid over tenor, UBS says

A 50-year mortgage to double interest paid over tenor, UBS says

A 50-year mortgage on a median-priced US home could reduce borrower’s monthly repayment, but also double the amount of interest...

  • 220
Santander to allow brokers to accept PT offers on behalf of clients – Mortgage Strategy

Santander to allow brokers to accept PT offers on behalf of clients – Mortgage Strategy

Santander has announced from 17 November brokers will be able to accept product transfer offers on behalf of its clients....

  • 285