No, Fannie Mae and Freddie Mac have not released credit scores
yllyon.com
Social media has been abuzz lately with news that Fannie Mae no longer requires a minimum credit score. Traditionally, both Fannie Mae and Freddie Mac required a minimum credit score…
Loans
Portable mortgages do not work in the US
Now that the 50-year mortgage has been thoroughly panned and dismissed as a viable affordable solution, we’re on to the next dumb idea. What is it? Well, “portable mortgages” of…
A small interest rate discount makes the 30-year fixed loan cheaper than a 50-year mortgage loan
There has been a lot of buzz about a possible 50-year mortgage after President Trump teased it over the weekend on his Truth Social platform. Of course, anyone who knows…
Trump’s 50-year mortgage admits he can’t deliver 3% mortgages
If you remember during the campaign leading up to the 2024 election, Donald Trump promised to return mortgage rates to 3% or even lower. To anyone with an understanding of…
Opendoor and Roam partner to push more affordable mortgages to homebuyers
In an effort to make iBuying more lucrative for buyers and sellers, Opendoor has partnered with affordable mortgage platform Roam. The move should make it easier for buyers looking for…
DR Horton offers 0.99% mortgage rate to entice new home buyers
Well, it has arrived. The mortgage rate of less than 1% is here. It’s part of a new promotion from the country’s best homebuilder, DR Horton. The company’s financing arm,…
Bilt Card 2.0 will earn points with every mortgage payment
There is a new credit card on the way that will earn points any mortgage payment you make every month. Bilt Card 2.0 is almost at the finish line and…
Mutual of Omaha Mortgage Review: They lead with low rates, but check the closing costs
One mortgage lender I’ve seen advertising quite a bit lately goes by the name “Mutual of Omaha Mortgage.” I think they originally focused on reverse mortgages, but recently they started…
Why mortgage rates rose this time
Well, it happened again. The Fed lowered interest rates and mortgage rates rose sharply. Not the first time and certainly won’t be the last. I warned that this could happen…
Mortgage rates tend to go the opposite way of the Fed on Fed Day
Well, it’s Fed Day again. That means we get another decision from the Federal Reserve today. At last glance, the odds of another 25 basis point cut are a whopping…