Reverse mortgages often appear on television these days as part of a joke.
When now-President Joe Biden first announced his 2020 campaign for the office, the kickoff video was compared to… Read More
Sky-high mortgage rates have made it difficult for industry pros to connect with new and existing borrowers. Refinance business is paltry, while new originations are harder to come by as hig… Read More
Top 10 reverse mortgage lender HighTechLending has appointed Phil Walker as its new VP of retirement strategies, aiming to leverage his experience in financial services to help facilitate le… Read More
Reverse mortgages, specifically Home Equity Conversion Mortgage (HECM) products, are highly regulated and sponsored by the U.S. government. However, they still have reputational issues and t… Read More
Mutual of Omaha Mortgage’s reverse mortgage division announced on Monday the appointment of Jennifer Allen as its new wholesale operations manager. An industry veteran, she has spent t… Read More
Despite fears of an inevitable government shutdown, a last-minute funding deal struck between the Speaker of the U.S. House of Representatives and the chamber’s Democrats now allows re… Read More
Ellington Financial, the parent company of major reverse mortgage lender Longbridge Financial, announced last week that its acquisition of real estate investment trust (REIT) Great Ajax Corp… Read More
If you’re thinking about buying a home, one of the questions you might be asking is: What is home equity?
It’s an excellent question to ask.
Home equity is like… Read More
Nearly 80% of homeowners remain just as anxious as they were about the economy last year, despite the fact that 86% of homeowners report that the value of their homes increased between 2022… Read More
China is facing a real property collapse with up to 65 million surplus homes, plummeting demand, falling prices and big property developers drowning under a mountain of debt. In the past few… Read More
Americans have seen as much as a 64% increase in average levels of home equity since 2018, rising to $29.3 trillion.
But interest rates and tighter lending standards for more traditional… Read More
So many renters and potential buyers think they need to have 20% down to qualify for a home purchase or a credit score of 740+ to buy!
Below you will find 4 programs where 20% down is not re… Read More
Here we go again…although Congress voted to keep the government open, averting a shutdown, it’s just for 45 days.
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