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  • Senate to consider wide-ranging bill to address zombie foreclosure "crisis"
    Mortgage lenders and servicers could soon have a whole new set of responsibilities for maintaining foreclosed homes, as Sen. Bob Menendez, D-NJ, introduced a new bill on Friday that would address what his office calls the "zombie foreclosure crisis."
  • Here’s the No.1 thing Americans sacrifice to pay for their home
    Americans are making sacrifices to ensure they are able to stay in their homes despite whatever may change in their lives. And whether it’s a mortgage or rent, paying for their home is a top priority when it comes to bills, creating a domino effect in other parts of their lives.
  • Consumer sentiment down even before Brexit news
    Just hours after the news that British voters decided to leave the European Union, the U.S. released its monthly consumer sentiment report for June, revealing that consumers already had a slightly dimmer view of the economy before the Brexit news.
  • Quicken Loans now offering 1% down mortgages
    While megabanks like Bank of America, Wells Fargo, and JPMorgan Chase grabbed the headlines earlier this year by separately announcing plans to offer mortgage loans that only require a 3% down payment from the borrower, there is another major lender that is quietly requiring even less from borrowers. Unbeknownst to many in the market, Quicken Loans began offering an even better deal for borrowers late last year – a 1% down mortgage.
  • Ditech Financial hires new chief information officer
    Ditech Financial just hired Brad Goedken as its new chief information officer. Ditech says Goedken’s experience in mortgage technology will be invaluable.
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