Check it out folks.
A great video of Quicken Loans CEO Bill Emerson on FOX Business discussing some of our favorite topics around here. This includes: Super low mortgage rates, the record volume of Quicken Loans applications, and minimum qualifying requirements for a mortgage.
Liz Claman of FOX Business chats with Emerson about the housing market (how home ownership is currently at the lowest levels since the Great Depression) and if mortgage rates are having an impact on Quicken Loans business.
The answer? Yes.
Emerson explains that if you’ve got good credit and you’ve got home equity, there’s never been a better time to refinance. And if you’re interested in buying a home, if you’ve got a down payment and good credit, you can take advantage of the best buyer’s market in generations.
Enough of me. Here’s Bill Emerson on FOX Business:
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WE WANT YOUR FEEDBACK
I am in the process of trying to get an FHA loan, but now the underwriters are asking for information I can’t get. I understand that they are being extra cautious with their lending practices right now, but it looks like my chance of getting a home is slipping away because of red tape. Do you think that the burst of the “housing bubble” is causing some lenders to be too cautious now?
HI Jeanette,
Are you currently working with Quicken Loans? Let me know and I can look into your loan for you. Thanks!