Older homeowners in financial distress may have overlooked the ultimate pick-a-pay loan.
Continue readingThe Ultimate Pick-A-Pay Loan?
July Top 100 HECM Lenders Report
Where did your lender and others rank for HECM endorsements in the month of July?
Continue readingAmericans are broke. Here’s where
More Americans are broke and living from paycheck to paycheck in these areas…
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 readingHere’s who’s raiding their retirement nest egg
Here’s why an increasing % of Americans are taking early withdrawals from their retirement savings…
Continue readingThe Big Squeeze
Older homeowners are getting squeezed by loan rejections and skyrocketing homeowner’s insurance premiums
Continue readingNEW: The Mortgage News Roundup
NEW: The mortgage new roundup, RMI market update, and proprietary loan volumes.
Continue readingIncreased reverse mortgage appeal in a frozen housing market?
The appeal of reverse mortgages may increase in a frozen housing market. Here’s why…
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 readingThe reverse markets where home prices are falling
What reverse mortgage markets are seeing the largest declines in median home list prices?
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