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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...
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
Couple trapped in $700k home they 'can't move out of' despite paying mortgage
The US Sun· 3 hours agoTwenty-four years ago, Apel and Irwin purchased their four-bedroom home on two acres in Lebanon, New...
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,...
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...
What Is An Interest-Only HELOC?
Consumer Affairs· 3 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?
I'm 73 & still have $180,000 mortgage - I'm retiring in debt but have no regrets
The US Sun· 4 days agoA HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age....
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 ...
When to use home equity for spring repairs (and when not to), according to experts
CBS News· 6 days agoBorrowing money for home repairs and other projects this spring can be very expensive. For example,...
Q1 2024 Washington Trust Bancorp Inc Earnings Call
Thomson Reuters StreetEvents via Yahoo Finance· 5 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 ...