Fortune Magazine says home prices could drop by 10% or more in these U.S. cities, referencing a recent report from Moody Analytics.Â
Continue readingThe #1 reason over-65s take out reverse mortgages
Should I sell and rent or get a reverse mortgage?
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EPISODE #730
Should I sell and rent or get a reverse mortgage?
One 82-year-old woman writes a Money Sense columnist saying her savings are draining fast and she wants to know if she should move & rent or consider a reverse mortgage.
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Social Security Recipients Could Get a Massive 11% Raise Next Year (Money.com)
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Why the housing market is weaker than it appears
Seniors head back to retirement communities
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EPISODE #729
Seniors head back to retirement communities after the Covid pandemic
As reverse mortgage professionals, we often talk about the vast majority of seniors who want to age in place in their existing homes. This week we bring you the other side of this issue from MarketWatch…
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Morningstar:Â Ilyce Glink: Speaks on the State of the U.S. Residential Real Estate Market
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CBC:Â Canadian regulators cap reverse mortgage loan percentage
2 forces slowing the housing market’s return to normal
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EPISODE #728
The 2 forces are slowing the housing market’s return to normal
The ongoing housing supply shortage is exacerbated as people stay in their homes longer than in years past. Economists have identified a pair of trends combining to slow housing market normalization.
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Reverse Market Insight’s Market Minute
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A leading indicator? Three lenders revise private reverse mortgage products
What HECM pros should know about the CMT rate
The Constant Maturity Treasury (CMT) rate determines the mortgage interest rates associated with adjustable-rate traditional and reverse mortgages
Continue readingHome inventory levels are increasing
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EPISODE #726
Home inventory levels are rising, an industry report shows
For the first time since 2019 home inventory levels are increasing. Here’s what’s giving homebuyers more of an even playing field…
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Leading HECM lender trims workforce
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Should Milo & Maeve take out a reverse mortgage?
HUD’s Inspector General points to remaining HECM issues
HUD’s Office of the Inspector General (OIG) pointed to a handful of continuing issues that undermine the FHA insurance fund. One of them, not surprisingly, deals with violations of HUD’s HECM occupancy requirements…
Continue readingAlternatives to Social Security for retirement cash flow
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EPISODE #724
Alternatives to Social Security that provide income in retirement
There are several ways to generate income or cash flow in retirement; some are completely overlooked…
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New York issues letter to those originating co-op reverse mortgagesÂ
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Most will age in place says Freddie Mac’s research brief
Should you loan money to someone who is house rich and cash poor?
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EPISODE #723
Should you loan money to someone who is house rich and cash poor?
A financial advice columnist was asked if it was a good decision to loan money to her 60-year-old daughter who has a home worth $800,000. Here’s what she said…
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A daunting time for retirees in the age of inflation
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Reverse mortgage ‘Market Minute’ with Reverse Market Insight
Bill would preserve home equity in foreclosures
California Senate Bill 1323 would require lenders in foreclosure proceedings to hire a realtor and sell the secured property for its appraised value on a multiple listing service has passed the California Senate Judiciary Committee…
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