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US Mortgage Corporation committed to reverse channel, new HECM head says - HousingWire
HousingWire· 4 days agoNew York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage
Norcom Mortgage’s core reverse team elects not to join CMG Financial - HousingWire
HousingWire· 5 days agoThe deal, however, will not include core members of Norcom’s well-known team of reverse mortgage...
Reverse mortgage veteran offers advice for bringing new partners aboard - HousingWire
HousingWire· 3 days agoAs any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges ...
What is Home Equity?
Bankrate via Yahoo Finance· 4 days agoYou can use these funds for any purpose. Unlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage,...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 4 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 5 days agoThe first two also involve tapping...a lump-sum payment just after closing. Like a HELOC, it’s a second mortgage secured by your home.Unlike a HELOC,...
Papa Dan's, a Palm Desert pizzeria destroyed in a fire, plans to reopen nearby
The Desert Sun via Yahoo News· 13 hours agoPapa Dan's owner has started a fundraiser dedicated solely to supplementing his employees for their...
I paid off my mortgage before retiring - but now I'm trapped in my home
The US Sun· 5 days agoThe couple, both of whom are 71, paid off their mortgage before retiring so the home equity would...
Labor Department announces new rule to shield retirement savings - HousingWire
HousingWire· 4 days agoThe U.S. Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice,...
Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit.
The Wall Street Journal· 6 days agoThese are exactly the types of buildings that work well as apartment conversions. In more robust...