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US Mortgage Corporation committed to reverse channel, new HECM head says - HousingWire
HousingWire· 5 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· 6 days agoThe deal, however, will not include core members of Norcom’s well-known team of reverse mortgage...
Papa Dan's, a Palm Desert pizzeria destroyed in a fire, plans to reopen nearby
The Desert Sun via Yahoo News· 1 day agoPapa Dan's owner has started a fundraiser dedicated solely to supplementing his employees for their...
Reverse mortgage veteran offers advice for bringing new partners aboard - HousingWire
HousingWire· 4 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 ...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 5 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· 5 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,...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 6 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,...
HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 2 days 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 ...
I paid off my mortgage before retiring - but now I'm trapped in my home
The US Sun· 6 days agoThe couple, both of whom are 71, paid off their mortgage before retiring so the home equity would...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
The State· 2 days 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 ...