The latest case number assignments for HECM loans was released. Here’s what October’s application data reveals…
Continue readingWhat the latest HECM application data reveals
FHA Announces the 2025 HECM Limit
Mortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingWill reverse mortgage surge in 2025? Here’s what one broker says
Corrina Carter, president and founder at CMS Mortgage, told Mortgage Professional America she expects reverse mortgage could become an increasingly viable option for many in 2025 and beyond.
Continue readingExpert Advice About Reverse Mortgages? Not so much.
Expert advice about reverse mortgages in the media is often misleading and downright inaccurate. Here’s a recent example…
Continue readingHere’s why homeowners may be overconfident in their retirement preparedness.
Despite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue readingSurvey shows public employees worried they won’t have enough money to last in retirement
Despite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue readingWhat in the world is propping up home prices?
Against a backdrop economic uncertainty home prices have been surprisingly resilient. That’s good news for older homeowners and bad news for would-be homebuyers.
Continue reading10-Year CMT Climbs After Fed Funds Rate Cut
Since the Federal Reserve cut its benchmark interest rate on September 18th the 10-year Constant Maturity Treasury rate has climbed from 3.70% to 4.20%- a jump of 50 basis points…
Continue readingA Reverse Mortgage Vacation
What’s a reverse mortgage vacation? If you’ve never heard of such a thing Harlan Accola explains…
Continue readingThe Shocking True Cost of Homeownership
Do you know how much the typical homeowner has sunk into their home? What is the total cost of homeownership for the older homeowners you meet with?
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