Reverse Mortgage Funding files for bankruptcy
The company had been the fifth most active Home Equity Conversion Mortgage originator year-to-date through October.
Source: nationalmortgagenews.com
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Reverse, Non-QM, Credit Union, Title Products; Investors and Lenders on the Brink?
As Brian B. reminds me, “In the New England you can tell the changing of the seasons by the changing color of the leaves. In Florida you can tell the changing of the seasons by the changing colors of the license plates.” Speaking of moves, geography, and distance, if you’re a lender or a vendor, how’s your 2023 travel and entertainment budget shaping up? I figured. The Mortgage Bankers Association believes (some say optimistically) that total mortgage origination volume will decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. The “pie&...
Source: mortgagenewsdaily.com
Seniors hold record $11.58 trillion in home equity
Their summer gains come as home price growth begins to slip and reverse mortgage volumes hit a two-and-a-half year low in September.
Source: nationalmortgagenews.com
Reverse mortgage lenders vie for baby boomers amid rate surge
New home equity conversion mortgage endorsements slowed in April, but remained almost 50% higher than the level from one year ago.
Source: nationalmortgagenews.com
Here's What You Need to Know About Reverse Mortgages
With markets volatile and housing hot, reverse mortgages are attractive to retirees looking for cash while staying in their homes.
Source: nbclosangeles.com