See where your lender and others ranked for retail HECM endorsements recorded in the month of June, 2023.
Continue readingJune Top 100 HECM Lenders Report
Why 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 readingTightening mortgage credit may boost HECM
There’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?
Continue readingThe hidden cost of incomplete financial advice
There’s always a cost to be exacted for the financial advice older homeowners choose to follow…
Continue readingUSA Today: Where are home prices headed?
The soon-to-be-released updated FHA handbook will incorporate several recent policy changes and HECM mortgagee letters.
Continue readingA summer of love? This summer’s HECM forecast
Will we see a ‘summer of love’ in HECM endorsements? Here’s what the data tells us…
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