#mortgage

#mortgage

The non-qualified mortgage market has experienced significant growth since its introduction nearly a decade ago. 10 years in, credit ratings agencies regularly release performance metrics for investors, which provide remarkable insight into this extremely versatile asset class. In a recent default study on non-QM performance over the years, for example, KBRA analysts note that non-QM loans faced tremendous macroeconomic uncertainties, from the recent era of high interest rates to the COVID-19 lockdowns, and yet continue to perform above and beyond expectations.

'My father wants to help me out by transferring me some of the home farm - is that a bad idea at this stage?'

For this Redditor, they are looking at a scenario where they have a 2.75% mortgage with approximately $500,000 left on the balance. This is equivalent to a $3,400 monthly payment on a house that is currently worth around $850,000. Having bought the house seven years ago for $715,000, this isn't a ton of growth, given what other areas of the country have done. This fact aside, the family has no other debt and has around $1 million sitting in retirement and non-retirement accounts.

When buying a home, lenders almost always check your credit history to assess how likely you are to repay the loan. But what if you don't have a credit history at all? Maybe you've never used credit cards, taken out a loan, or your credit profile is too thin to generate a score. If you're asking, "Can you get a mortgage with no credit history?" the answer is yes—though it's more challenging, and you'll need to show lenders your financial responsibility in other ways.

The 10-year CMT saw a decrease that spurred a rise in HECM endorsements, leading to 3,784 applications in April. This increase is linked to past interest rates.

When you apply for a mortgage, lenders want to know you'll be able to make your monthly payments. One way they assess this is by looking at your employment history.

loanDepot's Q1 2025 origination volume reached $5.2 billion, up 14% year-on-year, driven by a strong refinance recapture rate of 65%.

Most mortgage lenders would rather people didn't pay off their mortgages early. After all, that's how they make their money. Indeed, overpayment is positively discouraged and sometimes even penalized.

The mortgage and insurance fees that the Attorney General paid may have been less due to the misrepresentation of her Brooklyn property's unit count, claiming it was four instead of five.