Mortgage
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Real estate
Mortgage rates are falling and everything has suddenly changed – for now
“For example, I took out one loan today that would have cost the borrower 1.213 points on Monday, compared to…
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Real estate
Montana officials continue to advocate for a state reverse mortgage program
Montana officials continue to promote the state’s specialized Reverse Annuity Mortgage (RAM) program for seniors, with one official saying it…
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Real estate
It can be a pitfall to carry mortgage debt into retirement: USA Today
As the number of seniors with mortgage debt after retirement has increased, so has the potential financial burden of making…
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Real estate
Reverse mortgage veteran reflects on his career: ‘Everyone has a story to tell’
Chris Clow/RMD: Jim, you were a real estate agent and then a mortgage professional before jumping into the reverse arena.…
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Real estate
Erik Morin reflects on his return to reverse mortgage appraisal
Last April, Erik Morin returned to reverse mortgage valuation by joining an appraisal and valuation firm Atlas VMS. Morin founded…
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Real estate
Analyst: The HMBS 2.0 developments should benefit the reverse mortgage industry
An exciting development Wong explained that he and his colleagues at Waterfall were intrigued when Ginnie Mae saw new details…
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Real estate
FHA Proposes Updates to Roll Back Mortgage Bond Rates
The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage (HECM) program,…
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Real estate
The biggest reverse mortgage marketing moves will begin in the first half of 2024
Consolidation of the Finance of America brand When Finance of America announced its intention to acquire the then market leader…
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Real estate
Second quarter mortgage volumes improving at Wells Fargo, JPMorgan and Citi
“Credit performance during the second quarter was in line with our expectations,” Wells Fargo CEO Charlie Scharf told analysts. “Consumers…
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Real estate
Mortgage interest rates are falling, helped by better mortgage spreads
If we took the worst levels of 2023 spreads and included them today, mortgage rates would be the same 0.48%…
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