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US Mortgage Corporation committed to reverse channel, new HECM head says - HousingWire
HousingWire· 6 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· 7 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· 5 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 ...
Flats are back in vogue as ‘race for space’ reverses
The Telegraph via Yahoo Finance· 4 hours agoTom Bill, of estate agency Knight Frank, said: “Not only do higher mortgage rates mean tighter budgets, demand for housing also becomes skewed towards...
What is Home Equity?
Bankrate via Yahoo Finance· 6 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· 6 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
Papa Dan's, a Palm Desert pizzeria destroyed in a fire, plans to reopen nearby
The Desert Sun via Yahoo News· 2 days agoPapa Dan's owner has started a fundraiser dedicated solely to supplementing his employees for their...
Couple trapped in $700k home they 'can't move out of' despite paying mortgage
The US Sun· 19 hours agoTwenty-four years ago, Apel and Irwin purchased their four-bedroom home on two acres in Lebanon, New...
A Belleville duplex is deteriorating. HUD and a squatter are calling the shots.
Belleville News-Democrat via Yahoo News· 1 hour ago“There are a lot of professional squatters out there. They just move from place to place to place...
Cash-out refinance: What it is and how it works
Bankrate via AOL· 7 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,...