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How do you pay back a reverse mortgage?
Bankrate via AOL· 3 days agoThe Federal Housing Administration (FHA), the agency that backs home equity conversion mortgages (HECMs), the most common type of reverse mortgage ...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 7 days ago“There, scammers try to convince the reverse mortgage borrower to sign a power of attorney that...
Newsweek turns eye toward reverse mortgage pros and cons - HousingWire
HousingWire· 4 days agoAs part of its recently launched “Newsweek Vault” subsite, which vets financial products and...
One year after expansion, Guaranteed Rate remains bullish on reverse mortgages - HousingWire
HousingWire· 3 days ago“I’d say in the last two or three months in particular, we’ve seen a lot more adoption from our...
Why equity-tapping challenges may make reverse mortgages ‘inevitable’ - HousingWire
HousingWire· 6 days agoTraditional equity-tapping methods — such as selling the home or taking out a home equity loan —...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split - HousingWire
HousingWire· 5 days agoH4P...sponsored by the federal government. In October, FHA announced a series of new H4P program...
HUD announces disaster assistance for Iowa tornado survivors
Southwest Iowa's daily newspaper· 5 days agoEffective immediately, HUD is providing a 90-day moratorium on foreclosures of mortgages insured by...
HUD Updates Home Equity Conversion Rules for Purchases
The National Law Review· 3 days agoDepartment of Housing and Urban Development (HUD) issued Mortgagee Letter 2024-06, announcing...
First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 5 days agoHomebuilders are offering incentives. One is a rate buydown. A buydown might lower a 7% mortgage...
3 ways to borrow $10,000 of home equity (and 2 ways to avoid) right now
CBS News· 4 days agoIn today's high interest rate environment, credit cards, personal loans and standard lines of credit...
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