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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[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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The housing market could shift in a big way if mortgage rates fall to 5%
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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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NEW: The mortgage new roundup, RMI market update, and proprietary loan volumes.
Continue readingFHA’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 reading[The Mortgage Report ] The American Seniors Housing Association (ASHA) has released a report detailing the senior living priorities of the Baby Boomer generation.
Continue readingA 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 readingWhen must a reverse mortgage be paid off? Can the loan be paid off early? What are the typical payoff options?
Continue readingThere’s a reason why fewer potential homebuyers and those seeking to tap into their home’s equity may no longer qualify: increasing mortgage interest rates and stubbornly high home prices. Will this make reverse mortgages more appealing?
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