Fast and Furious, Mortgage-Style
The ability of lenders to come up with creative new products that seize would-be borrowers’ attention is never-ending. Anything to get a customer in the door.
Q&A: Mat Ishbia, CEO of United Wholesale Mortgage
Mat Ishbia, CEO of Michigan-based United Wholesale Mortgage, talks about how the company became the nation’s biggest lender and what next next year holds.
Mortgage Market Opens for Gig Workers
Fannie Mae and Freddie Mac shut many self-employed buyers out during the pandemic. But now, those rules are gone and some lenders, perhaps sensing a grand opportunity to boost market share, are targeting gig workers directly.
Can You Buy a House with Crypto? Some Lenders Say ‘Yes’
Homebuyers who have dabbled in cryptocurrency should know that some lenders will allow you to use those assets – with a proviso – as part of your down payment when applying for financing.
Homebuyers Have Rare Chance to Save
For the next 60-odd days, some homebuyers have an unusual opportunity to find financing at a tad lower cost.
Most Lenders Have Tightened Mortgage Rules
Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.
Escrow-Free Loans Raise Credit-Risk Questions
Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess.
