The appeal of reverse mortgages may increase in a frozen housing market. Here’s why…
Continue readingIncreased reverse mortgage appeal in a frozen housing market?
FHA to cover payments when a lender is in default say ML
FHA’s latest HECM-related mortgagee letter explains what happens when a reverse mortgage lender defaults on their obligation to make timely payments to the borrower.
Continue readingThe reverse markets where home prices are falling
What reverse mortgage markets are seeing the largest declines in median home list prices?
Continue readingWhat Boomers are looking for in senior housing
[The Mortgage Report ] The American Seniors Housing Association (ASHA) has released a report detailing the senior living priorities of the Baby Boomer generation.
Continue readingJune Top 100 HECM Lenders Report
See where your lender and others ranked for retail HECM endorsements recorded in the month of June, 2023.
Continue readingWhy Home Values are Stuck!
A looming recession, repeated interest rate hikes, and mortgage rates that have more than doubled. One would think such economic forces would lead to a housing crash…
Continue readingDave Ramsey was at a loss for words until…
A 70-year-old called Ramsey Solutions and seemingly had Dave Ramsey stumped until he learned they had this asset…and no, it’s not a reverse mortgage
Continue readingWhy the Fed is killing borrowing power
Spending, housing affordability, and overall consumer demand are in the crosshairs of the Federal Reserve
Continue readingHow do you pay back a (HECM) reverse mortgage?
When must a reverse mortgage be paid off? Can the loan be paid off early? What are the typical payoff options?
Continue readingHow the Fed’s rate hike pause will impact the HECM
How the Fed’s rate hike pause will impact the HECM
Continue reading