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What are the potential home equity and tax strategies for wealthy seniors?
HousingWire via Yahoo Finance· 6 days agoSeniors could choose to employ home equity through a reverse mortgage or other equity-tapping...
30-Year Mortgage Rates Head Higher
Investopedia· 5 days agoAfter a three-day dip, 30-year mortgage rates reversed course to head upwards. Rates were up almost across the board of new purchase loan types, with no averages declining.
HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 4 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 ...
Alior Bank Q1 profit surges 58% as it aims to keep CoR at bay
Reuters· 6 days agoNet interest income rose 15% to 1.27 billion zlotys and net interest margin climbed 15 basis points to 5.96%, Alior said. The lender managed to improve its credit portfolio quality and increase its size.
Worried About Assisted Living Costs? Here Are Your Options
SmartAsset via Yahoo Finance· 4 days agoLong-term care in residential facilities like nursing homes is a financial challenge for many. When...
Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update
Morningstar· 6 days agoOcwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call ...
Flats are back in vogue as ‘race for space’ reverses
The Telegraph via Yahoo Finance· 2 days agoPrices for flats grew 2.7pc over the year to February, up £4,290 according to high street lender Halifax – after sinking by as much as 5.9pc last autumn....
A Belleville duplex is deteriorating. HUD and a squatter are calling the shots.
Belleville News-Democrat via Yahoo News· 2 days ago“There are a lot of professional squatters out there. They just move from place to place to place...
Couple trapped in $700k home they 'can't move out of' despite paying mortgage
The US Sun· 2 days agoTwenty-four years ago, Apel and Irwin purchased their four-bedroom home on two acres in Lebanon, New...
What Is An Interest-Only HELOC?
Consumer Affairs· 5 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?