For decades reverse mortgage industry participants have touted the demographic advantages that should boost the reverse mortgage’s acceptance and overall loan volume. So far that has not come to pass. Demographics are not destiny but they do hold valuable insights.
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On August 9th the Consumer Financial Protection Bureau published it’s analysis of direct mail advertising of reverse mortgages.
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[Housing Wire] Reverse mortgage professionals are increasingly directing their attention to the traditional mortgage market knowing how 30-year mortgage rates impact home prices. .
HousingWire reports that 30-year fixed mortgage rates continued to climb for the third consecutive week, rising to 6.96%, but may go down this fall if…
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Older homeowners in financial distress may have overlooked the ultimate pick-a-pay loan.
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The housing market could shift in a big way if mortgage rates fall to 5%
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Where did your lender and others rank for HECM endorsements in the month of July?
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Gasps were heard in the room during one session at NRMLA’s Southern Meeting in Austin Texas when one especially abominable instance of appraisal bias was shared. Here’s the story…
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Here’s why an increasing % of Americans are taking early withdrawals from their retirement savings…
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Older homeowners are getting squeezed by loan rejections and skyrocketing homeowner’s insurance premiums
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