Latest news on loanDepot and current articles on the topics affecting the mortgage lending industry.
Breaking into the home equity nest egg is becoming a very real possibility for more Americans as home prices rise.
An analysis from loanDepot, a private nonbank lender, says that the median age for borrowers of its home-purchase loans of more than $417,000 was 38½ years old in this year’s second quarter, down from a median age of 41 in the same quarter last year. During the last three months of 2011, the median age was a long-in-the-tooth 49½.
High-end borrowers are looking younger these days.
Younger borrowers are entering the market for large mortgages, but jumbo lenders still depend on baby boomers.
Tom Telesco, the general manager of the San Diego Chargers, has made an upgrade of his own this NFL offseason, purchasing an estate in Rancho Santa Fe for $2.26 million.
Kyle Richards of “The Real Housewives of Beverly Hills” and her husband, luxury real estate agent Mauricio Umansky, have bought a getaway in La Quinta for $2.35 million.
Many first-time homebuyers are willing to make notable sacrifices to come up with a down payment — something that's becoming increasingly difficult to do.
Homeownership among Americans under age 35 hit the lowest level on record earlier this year, just as indebtedness among college grads notched a new high.
The homebuying process is notoriously arduous, but new regulations and a persistently-tight credit market are having a lasting impact on potential buyers' willingness to enter the market.
Wells Fargo & Co., the nation's largest mortgage lender, is sharply curbing its offerings of "interest only" home-equity lines of credit, in what could presage a larger shift by the lending industry.
As the regulatory landscape changes, the concept of compliance has broadened.
She chose her words carefully, but in her own way Federal Reserve Chairwoman Janet Yellen recently rang an alarm about the housing market.
Your credit score plays a major role in the mortgage approval process, but it’s not the only factor.
Tight credit can be a challenge when it comes to buying a home, but it appears that many people are making it more difficult than it needs to be.
A new study finds that close to half of potential home buyers are so afraid they will not qualify for a mortgage that they do not even try.
Are you on the home-buying sidelines this spring because you think you won't be able to qualify for a mortgage?
Mortgage lending declined to the lowest level in 14 years in the first quarter as homeowners pulled back sharply from refinancing and house hunters showed little appetite for new loans, the latest sign of how rising interest rates have dented the housing recovery.
When it comes to finding a mortgage, it’s not a one-size fits all situation.
Journalists from around the country will travel to Houston in June to learn about issues affecting housing markets, online residential real estate marketing, and sustainability and real estate design at the annual conference of the National Association of Real Estate Editors
David Norris is now president and chief operating officer at LoanDepot LLC, a Foothill Ranch mortgage lender
loanDepot, LLC, the nation's third largest privately-held independent retail mortgage lender and operator of loanDepot.com and imortgage, today announced David Norris will join the company in the position of president and chief operating officer.
A home mortgage refinance may sound like a good idea in theory, but it’s not always possible or desirable.
Homeowners who refinanced when fixed mortgage rates dropped below 4 percent will be less inclined to put their homes on the market as interest rates climb.
Originators who work for Anthony Hsieh’s company will be fired if they fail to answer a customer email the same day they received it.
New rules launching early next year designed to make mortgages safer may result in less choice for borrowers.
Big banks have been retrenching from the mortgage business recently, leaving smaller players to pick up larger chunks of business.
Video - "The Street's" Nicole Urken interviews loanDepot CEO Anthony Hsieh
Audio - "Taking Stock" with Pimm Fox and Carol Massar interview loanDepot CEO Anthony Hsieh
LoanDepot.com, which Hsieh started in early 2010, is his third mortgage-related business. In 2002 he founded Home Loan Center Inc., which was later sold to LendingTree LLC, and in 1994 started LoansDirect.
Separately, a recent survey by loanDepot revealed that slightly more than half of HARP borrowers (51%) were rejected at least once by their lenders before being able to refinance their home loans.
"Requirements have changed, making it possible for loanDepot to give financial relief to more homeowners. If a homeowner is current on their mortgage payments, and the loan is owned by Fannie Mae or Freddie Mac, help is available," Svinth added.
Talk to a licensed mortgage banker who can answer all your questions, quote rates and find your best loan.