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Reverse Mortgage vs. Home Equity Loan: Which to Choose?
Time Magazine· 7 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· 4 days agoEllington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge...
What Is a Jumbo Reverse Mortgage?
Consumer Affairs· 3 days agoJumbo reverse mortgages are tailored to older homeowners with home values above those of traditional reverse mortgage
Should you use a reverse mortgage to cover long-term care costs?
CBS News· 6 days agoWith the least expensive form of long-term care costing tens of thousands of dollars per year and...
Reverse mortgage volume and HMBS issuance improve in April - HousingWire
HousingWire· 3 days agoSeven of the top nine lenders recorded gains in April, with Plaza Home Mortgage, Liberty Reverse ...
DeSantis stamps changes to reverse mortgage tax requirements in Florida - HousingWire
HousingWire· 3 days agoFlorida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that ...
The month in reverse mortgage rates: May 2024 - HousingWire
HousingWire· 2 days agoIn March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates”...
Appeals Court Reverses Lender’s Win in Chetrit Foreclosure
The Real Deal· 3 days agoThe Chetrit Group scored a win in the legal battle against its lender over the Tides hotel in South...
NRMLA, MBA provide comments on HECM application, origination documents - HousingWire
HousingWire· 6 days agoMBA and NRMLA each state that they are generally supportive...
HUD, Fannie Mae and Freddie Mac Issue Reconsideration of Value Guidance to Combat Appraisal Bias |...
JD Supra· 3 days agoThe amended Mortgagee Letter may be implemented immediately but must be implemented for FHA case numbers assigned on or after September 2, 2024.