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DeSantis stamps changes to reverse mortgage tax requirements in Florida - HousingWire
HousingWire· 11 hours 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 ...
What Is a Jumbo Reverse Mortgage?
Consumer Affairs· 16 hours agoJumbo reverse mortgages are tailored to older homeowners with home values above those of traditional reverse mortgage
Reverse Mortgage vs. Home Equity Loan: Which to Choose?
Time Magazine· 5 days agoA reverse mortgage and home equity loan both allow homeowners to turn their home equity into cash,...
The month in reverse mortgage rates: May 2024 - HousingWire
HousingWire· 10 hours agoIn March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates”...
Should you use a reverse mortgage to cover long-term care costs?
CBS News· 4 days agoWith the least expensive form of long-term care costing tens of thousands of dollars per year and...
In Q1 earnings, Longbridge parent expects reverse mortgage market to improve - HousingWire
HousingWire· 2 days agoEllington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge...
NRMLA, MBA provide comments on HECM application, origination documents - HousingWire
HousingWire· 4 days ago...Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, the National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a...the proposed changes, which include wholesale revisions to the lender table for the best estimate of...
HUD, Fannie Mae and Freddie Mac Issue Reconsideration of Value Guidance to Combat Appraisal Bias |...
JD Supra· 24 hours agoThe amended Mortgagee Letter may be implemented immediately but must be implemented for FHA case numbers assigned on or after September 2, 2024.
FAR, AAG to unify under Finance of America brand - HousingWire
HousingWire· 5 days agoIt is seen as a “milestone” for the unified company, which effectively became the leading presence in the reverse mortgage industry virtually overnight ...
UK interest rates: Bank of England edges closer to summer cut
BBC via Yahoo Finance· 22 hours agoRates are currently at their highest level for 16 years which has meant people are paying more to...