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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
7 Ways To Get Help When You’re Broke in Retirement
GOBankingRates via Yahoo Finance· 4 hours agoRetirement should be a time to enjoy your family, travel and relax without financial stress. However, many Americans are increasingly concerned about the...
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,...
Couple trapped in $700k home they 'can't move out of' despite paying mortgage
The US Sun· 1 day agoTwenty-four years ago, Apel and Irwin purchased their four-bedroom home on two acres in Lebanon, New...
Does Medicare cover long-term care costs?
CBS News· 6 hours agoFor example, if you need nursing home services, the average cost for a semi-private room in a nursing home is over $104,000 per year. The price for a...
I'm 73 & still have $180,000 mortgage - I'm retiring in debt but have no regrets
The US Sun· 6 days agoA HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age....
A Belleville duplex is deteriorating. HUD and a squatter are calling the shots.
Belleville News-Democrat via Yahoo News· 12 hours ago“There are a lot of professional squatters out there. They just move from place to place to place...
What Is An Interest-Only HELOC?
Consumer Affairs· 4 days agoHELOCs provide a maximum line of credit that can be drawn down and repaid repeatedly. During the draw period, HELOCs have interest-only payments based on a variable interest rate. How does an interest-only HELOC work?
HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 3 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 ...
Q1 2024 Washington Trust Bancorp Inc Earnings Call
Thomson Reuters StreetEvents via Yahoo Finance· 7 days agoMortgage banking revenues totaled $2.5 million, up by $952,000. 76% of our originations in the quarter were saleable compared to 66% in the fourth...million, or 5% from the ...
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