There are times when homeowners should run the other way- or simply hang up the phone if they encounter any of the following when being presented with a reverse mortgage.
Continue readingWhen a reverse mortgage may be a scam
Property Tax Relief Available in California
Mexico’s Center for Economic and Budgetary Research analysis reveals the market potential for reverse mortgages and how the loan is presently structured. Learn more…
Continue readingThe 10-year CMT Index is forecast to drop in 2024
The Statista Research Department, who correctly forecasted August’s 10-year Constant Maturity Treasury Rate, released their latest forecast for the 10-year CMT to fall to..
Continue readingWill demographics be the saving grace for HECM lending?
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.
Continue readingMortgage rates may go down this fall if…
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EPISODE #787
Mortgage rates may go down in the fall
[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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- [Reverse Mortgage Daily] Finance of America Companies Post $221M loss
- [CNBC] Only 10% plan to postpone Social Security…
If mortgage rates fall to 5% the mortgage market could get interesting
The housing market could shift in a big way if mortgage rates fall to 5%
Continue readingGasps in the Room
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…
Continue readingNEW: The Mortgage News Roundup
NEW: The mortgage new roundup, RMI market update, and proprietary loan volumes.
Continue readingFHA 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 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 reading