Reverse Mortgage Vs. Residential Sale Leaseback: Which Is Right For You?

Shutterstock Whether you’re interested in pursuing the option or not, you’ve likely heard of reverse mortgages. You can’t watch television, read a newspaper or walk through most cities without seeing advertisements for them. There’s a new concept taking flight in real estate that has the potential to seriously overshadow reverse […]

Mortgage applications leap nearly 10% on lowest rates in almost a year

Mortgage applications leap nearly 10%  2 Hours Ago | 00:53 Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week […]

‘Liar loans’: Australians overstating income to get mortgages, says analyst

UBS’s Jonathan Mott says one third of those who took out a mortgage in the past 12 months were not ‘completely factual’ with their financial information  A UBS banking analyst says ‘one quarter to one third of the mortgages on Australian banks’ books are based on factually inaccurate applications’. Photograph: […]

Lower mortgage rates push more borrowers to refinance, as Harvey mucks up the data

Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After pulling back for the last few weeks, more homeowners applied for a […]

Mortgage technology provider Blend raised another $100 million led by Greylock

San Francisco-based Blend is simplifying the process of mortgage applications for both borrowers and lenders, but is looking to expand into other lending products. To do that the company has raised $100 million in new funding led by Greylock, with participation from a bunch of existing investors. Founded in 2012 by a group of […]