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Reverse Mortgage vs. Home Equity Loan: Which to Choose?
Time Magazine· 3 days agoA reverse mortgage and home equity loan both allow homeowners to turn their home equity into cash,...
In Q1 earnings, Longbridge parent expects reverse mortgage market to improve - HousingWire
HousingWire· 22 hours agoEllington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge...
How Reverse Mortgages Work
Investopedia· 4 days agoHow does a reverse mortgage work? Generally, a reverse mortgage enables a homeowner age 62 or older to access equity ...
Should you use a reverse mortgage to cover long-term care costs?
CBS News· 2 days agoWith the least expensive form of long-term care costing tens of thousands of dollars per year and...
Legal experts warn of foreclosure risks of reverse mortgages
WBRC Fox 6 Birmingham· 5 days agoTraditional mortgages usually include homeowners insurance, property taxes, HOA fees, but those...
Remote reverse mortgage counseling now permanently permitted in Massachusetts - HousingWire
HousingWire· 6 days agoA bill that will permanently allow for remote reverse mortgage counseling via telephone or video...
Ocwen improves overall reverse mortgage performance despite volume contraction - HousingWire
HousingWire· 7 days agoOcwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, reported an overall improvement in its business ...
NRMLA, MBA provide comments on HECM application, origination documents - HousingWire
HousingWire· 3 days agoMBA and NRMLA each state that they are generally supportive...
Bank of England 'optimistic' as it edges closer to summer rate cut
BBC via Yahoo Finance· 3 hours agoRates are currently at their highest level for 16 years which has meant people are paying more to...
New appraisal bias protections apply to reverse mortgage program: FHA - HousingWire
HousingWire· 7 days agoAn announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs ...