Mortgages

Are you in your 20s and looking to buy a house? Are you having doubts that you’re not ready, or don’t think that sellers will trust you to follow through? If you’re worried about sellers not wanting to sell a house to you because of your age, you should know about potential tools...

First-time home buyer fully know the biggest obstacles to having keys in hand are financial.  Without equity from the sale of a previous home, the millennial generation has a particularly difficult time with down payments. One reason: their early adult years came during the financially...

Fannie Mae, Freddie Mac and Ginnie Mae control about 70% of single-family mortgage originations. Although they are not quick to change the qualification standards, the government-sponsored enterprises frequently play with the debt-to-income ratio, or DTI.  What The Ratio Means For...

Wedbush downgraded homebuilding company Lennar Corporation (NYSE: LEN) in February, but the research firm sees multiple reasons why a bullish stance can be warranted again. The Analyst Wedbush's Jay McCanless upgraded Lennar from Neutral to Outperform with a price target lifted from $50 to...

Loans are a means of funding projects or expenses that borrowers can't afford upfront. By paying back the lump sum through a series of payments with interest, loans can set borrowers up for success in their personal or professional lives when used correctly. They're used to pay for academic...

Mortgage application processor Ellie Mae Inc (NYSE: ELLI) is positioned for an increased rate of growth and positive outcomes from its purchase of the cloud name Velocify, according to Barclays.  The Analyst Barclays analyst Saket Kalia upgraded Ellie Mae from Equal-Weight to Overweight and...

Less than one hour after Donald Trump was officially sworn into office on Friday, the Department of Housing and Urban Development suspended plans for a mortgage insurance rate cut on Federal Housing Administration (FHA)-backed mortgage loans. Last Week Vs. This Week In the final days of the Obama...

The most recent Quicken Loans study of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values continued to narrow in September. While home values have generally increased since 2011, homeowners’ perceptions of home values have...

With U.S. mortgage rates near all-time lows, the appeal of purchasing a home has become much more enticing. For those who currently own, those lower rates mean looking into refinancing options to lock in lower rates; for those who rent, this may provide a nice entrance into home ownership....

The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values widened in February for the first time in six months. While home values have generally increased since 2011, homeowners’...

Quicken Loans, an online mortgage lender, recently announced a new program called "Rocket Mortgage." Rocket Mortgage claims to "simplify" the mortgage approval process. Quicken Loans' new initiative comes just one day after Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) introduced mortgages to its...