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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 ...
HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 14 hours agoThe U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program ...
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):...
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,...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
The State· 20 hours agoNearly 68% workers and 74% of retirees now express confidence they’ll have enough money to live comfortably throughout retirement. Results from a new retirement survey indicates that a majority ...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 4 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,...
‘Aging in Place, or Stuck in Place?’
New York Times· 7 days agoHomeownership is not the boon to older Americans that it once was. When it came to housing, Susan Apel and Keith Irwin thought they had planned adroitly...
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’...
Fortune via AOL· 22 hours agoAs U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages...