Does LendingTree Cater to Rich People?
While no one, regardless of income, really likes getting a mortgage, it does seem that upper-income borrowers are better at it. A January 2014 survey by mortgage colossus Fannie Mae found that higher-earning borrowers chose lenders with the most competitive rates. They were more likely to shop online, obtain multiple... Read more
Pay Less for Your Mortgage with Loan Explorer
Last year, researchers at Fannie Mae found that 41 percent of consumers got their home loans from the first mortgage company they contacted – they did not shop at all and did not compare quotes from any other lenders. Analysts at America’s largest buyer and seller of mortgages expressed... Read more
30-Year Mortgage Rates Drop Below 4 Percent for the First Time in a Year! But Why?
Mortgage interest rates have once again dropped below four percent for 30-year fixed products. This is the lowest they have been in a year, and cause for celebration as we head into the prime home-buying season. Check out today’s mortgage rates from the LendingTree network.  This situation is a... Read more
LendingTree recently analyzed the fiscal fitness of prospective borrowers nationwide, ranking each state according to its borrower health score. This score is based on a 100-point scale combining average credit scores, loan-to-values and overall strength of LendingTree mortgage requests in each state for the second quarter of 2013. Washington,... Read more
A few years ago, the Miami Herald broke the news that over 5,000 of Florida’s mortgage loan officers were felons who’d been convicted of various frauds. Amazingly, it was legal for them to work in a field that provided so many opportunities to rip off their clients. State mortgage licensing requirements... Read more
This week, LendingTree reported that average down payments have dropped 9.4% since May 2011. This suggests that mortgage lenders’ underwriting standards may be relaxing somewhat. A look at the standards of  major mortgage insurers in the US, bears this out. For example, in 2007, mortgage insurer PMI guaranteed mortgages... Read more
Today, LendingTree issued a report showing that average down payments across the country vary widely, depending on the state in which the property lies. Average down payments ranged from a low of 11.9 percent in Mississippi to a high of 20.5 percent in New Jersey. Does this mean lenders require... Read more
Identity theft is a huge concern these days, and most of us are pretty vigilant about guarding our personal information (unless we’re teenagers with Facebook accounts, anyway). So it can be a little creepy when mortgage lenders ask for our Social Security numbers in order to give us interest rate quotes.... Read more
CEO Doug Lebda speaks to TheStreetTV about the housing market, consumer finance, refinance and the state of LendingTree.com. Supply and Demand Mismatch in the Housing Market? With March home sells up 1.5%, Doug Lebda states that we’re definitely seeing a housing rebound. Existing home sales were down a little... Read more
Doug Lebda, CEO of LendingTree, spoke on CNBC yesterday regarding the spring housing market. CNBC Video Interview The President’s Plan First, Lebda talked about the President’s Plan for pushing banks to ease lending standards for people with weaker credit. Overall, Lebda thinks is a good idea. Freddie Mac, Fannie... Read more