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HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 1 hour agoThe U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program ...
US Mortgage Corporation committed to reverse channel, new HECM head says - HousingWire
HousingWire· 3 days agoNew York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage
Norcom Mortgage’s core reverse team elects not to join CMG Financial - HousingWire
HousingWire· 4 days agoThe deal, however, will not include core members of Norcom’s well-known team of reverse mortgage...
Reverse mortgage veteran offers advice for bringing new partners aboard - HousingWire
HousingWire· 2 days agoAs any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges ...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 3 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
What is Home Equity?
Bankrate via Yahoo Finance· 3 days agoYou can use these funds for any purpose. Unlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage,...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
The Wichita Eagle· 7 hours agoNearly 68% workers and 74% of retirees now express confidence they’ll have enough money to live comfortably throughout retirement. Results from a new retirement survey indicates that a majority ...
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’...
Fortune via AOL· 9 hours agoAs U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages...
‘Aging in Place, or Stuck in Place?’
New York Times· 6 days agoHomeownership is not the boon to older Americans that it once was. When it came to housing, Susan Apel and Keith Irwin thought they had planned adroitly...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 4 days agoThe first two also involve tapping...a lump-sum payment just after closing. Like a HELOC, it’s a second mortgage secured by your home.Unlike a HELOC,...
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