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Finance of America hit with layoffs; chief retail sales officer steps down - HousingWire
HousingWire· 3 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· 2 days 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· 3 days agoOf course, while it hasn’t happened often, rates can reverse higher after a few cuts. That can occur...
HELOC Blues? New Options for Managing Home Equity
TheStreet.com· 5 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 ...
Reverse mortgage volume, securities issuance improve further in May - HousingWire
HousingWire· 4 days agoThe pace of endorsement growth has notably increased this year, but the flatness of April’s case...
Moody's Affirms Celink's SQ2 (Above Average) Reverse Servicer Assessment
The Parsons Sun· 3 days agoCelink, the nation's leading reverse mortgage subservicer, received an affirmed SQ2 (above average) assessment as a reverse ...
4 simple ways for seniors to consolidate debt
CBS News· 2 days agoHigh amounts of credit card debt and other debts can be especially damaging to seniors' finances, as limited income can mean they may struggle to pay...
Find competitive rates for HELOCs in June 2024
CNN.com· 6 days agoIf you’re among homeowners looking to tap home equity, you may be closely watching home equity line of credit (HELOC) rates (and mortgage refinancing...
4 Ways Baby Boomers Become ‘House Poor’ in Retirement
GoBankingRates via AOL· 2 days agoThere are approximately 72 million baby boomers alive in the United States, as of 2019. Many of...
HECM study assesses financial impacts of program over 20 years - HousingWire
HousingWire· 5 days agoRMD already examined the study’s sections related to borrower trends and various program policy...