Dont you just love filling your brain with knowledge about the housing market? I know I sure do, and this weeks installment of Watch-It Wednesday is sure to be the most informative three minutes of your day. Quicken Loans Chief Economist Bob Walters sat down with our very own Jordan Fylonenko to talk about three [...]
Category Archives: Real Estate Category
Mortgage insurance, also known as private mortgage insurance or PMI, protects your mortgage lender in the case you default on your home loan. If you stop paying your mortgage and your lender is forced to take back the title on your property, mortgage insurance will reduce or even eliminate the risk of loss to [...]
The Mega Millions lottery is up to a massive $540 million (as of this writing). You don’t need to rub your eyes or adjust your monitor – $540 million. That is an absurd amount of money. Seriously, I would be alright with having just 1/540th of that in my bank account. So I got to [...]
While much of the focus on the robo-signing settlement has been on restitution and relief for foreclosure victims and underwater homeowners, part of the settlement also impacts short sales. The settlement forces mortgage servicers to meet a strict short sale timeline or face financial penalties. The robo-settlement rules regarding short sales matches the short-sale [...]
There is no doubt that one of FHAs most attractive benefits is the FHA Streamline Refinance. These were designed by FHA to be easy, fast and without any tedious underwriting that would threaten or delay the mortgage from closing. Unfortunately, in recent times, this was not the case and many borrowers were not able to [...]