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Finance of America hit with layoffs; chief retail sales officer steps down - HousingWire
HousingWire· 2 days agoLeading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are...
Moody’s reaffirms ‘above-average’ quality rating for reverse mortgage servicer Celink - HousingWire
HousingWire· 18 hours agoDepartment of Housing...Equity Conversion Mortgage (HECM) servicing contract and is a HECM...
Variable rate mortgages are the best bet to save you money after Bank of Canada cut
Financial Post via Yahoo Finance· 1 day agoOf course, while it hasn’t happened often, rates can reverse higher after a few cuts. That can occur...
Acting Ginnie Mae president comments on ’HMBS 2.0’ - HousingWire
HousingWire· 7 days agoGinnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed...
4 Ways Baby Boomers Become ‘House Poor’ in Retirement
GOBankingRates via Yahoo Finance· 16 hours agoThere are approximately 72 million baby boomers alive in the United States, as of 2019. Many of...
Small Business - The Andalusia Star-News | The Andalusia Star-News
The Andalusia Star-News· 1 day agoMoody's Affirms Celink's SQ2 (Above Average) Reverse Servicer Assessment PR Newswire LANSING, Mich., June 6, 2024 LANSING, Mich., June 6, 2024 /PRNewswire/ -- Celink, the ...
HELOC Blues? New Options for Managing Home Equity
TheStreet.com· 3 days agoWith higher interest rates causing borrowing costs to rise, homeowners are hesitant to sell and give up their favorable low rates. The percentage of homebuyers with interest rates below 6% has ...
March reverse mortgage data shows retail outpaced wholesale - HousingWire
HousingWire· 7 days agoHome Equity Conversion Mortgage (HECM) endorsements declined by 4.2% in March, a dynamic primarily...
Reverse mortgage volume, securities issuance improve further in May - HousingWire
HousingWire· 3 days agoThe pace of endorsement growth has notably increased this year, but the flatness of April’s case...
Mortgage rates tick up as Fed signals delay on interest rate cuts: Freddie Mac
FOX Business· 7 days agoMortgage rates reversed course this week and headed north of 7% again, following several weeks of...