Housing represents one of the largest portions of the Consumer Price Index’s ‘basket of goods’ that is used to determine our current rate of inflation
Continue readingHow falling home values will bring down inflation
Reverse Mortgages: Timely and Accurate Payment of Property Taxes is Critical
In a recent Mortgage Orb column, Michael Whiting addresses the importance of paying property charges on a reverse mortgage and how they can be kept current.
Continue readingAnalyst who predicted 2008 crash sees home values going down this much
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EPISODE #739
The most effective product messaging for reverse mortgages
[Reverse Mortgage Daily] In RMD’s most recent podcast Chris Clow interviews one originator who’s found what he sees as the most effective approach to reverse mortgage communication.
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Protect Your Retirement Income from Inflation
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[Fortune] ‘Poison’ Ivy Zelman—the analyst who predicted the 2008 housing bust—sees U.S. home prices falling in both 2023 and 2024. Here’s how much
HECM Counseling committee addresses property defaults
HUD’s Housing Counseling Federal Advisory Committee met and looked at lingering issues in HECM loans- including some borrowers who unexpectedly ended up in foreclosure.
Continue readingFannie Mae economists downgrade their housing forecast.
[Housing Wire] It will get worse for the housing market – and mortgage industry – before it gets better. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week
Continue readingReverse borrowers encouraged to seek assistance
The office of the California Attorney General Rob Bonta published an alert last week encouraging state residents impacted by the Covid-19 pandemic to seek assistance to repay house payments.
Continue readingThe HECM is teetering on collapse because…
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EPISODE #735
“The reverse mortgage business is teetering on collapse because…”
[Reverse Mortgage Daily] sat down with Ted Tozer who served as president of Ginnie Mae to get his perspectives and outlook for the Home Equity Conversion Mortgage (HECM) program.Â
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Over half of Generation X’ers cannot afford to help their parents financially.
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You can’t take the money and run- Borrowers must return money to rescind the loan
A time-honored loan in FHA
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EPISODE #734
RMD sits down with our FHA Commissioner
Reverse Mortgage Daily sat down with FHA Commissioner Julia Gordon for her perspectives on the HECM program, its strength, and outlook.
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Newsweek: The U.S. facing a potential ‘perfect storm’ for a housing crisis
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Workers Say Inflation Is Now the No. 1 Obstacle to a Comfortable Retirement
Index shows seniors cannot afford basic necessities
The True Cost of Aging Index Shows Many Seniors Can’t Afford Basic Necessities
Continue readingWill Dave Ramsey’s housing forecast age well?
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EPISODE #732
Why Ramsey Solutions’ housing forecast may not age well
“Right now is the best time to buy a house in the next five years. And here’s why: prices are not gonna go down”, says Ramsey Solutions, the company founded by the financial celebrity and well-known commentator Dave Ramsey. Is he right?
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Senior housing wealth up 4.91% in the first quarter of 2022
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The Role of Real Estate in Retirement Planning
