Buying a new home or specific condominiums using reverse mortgage funding is a possibility for individuals aged 62 and over. This can be done by merging a single investment from their resources, like revenue from the sale of their existing house, with proceeds from a reverse mortgage loan to finalize the purchase.
The mortgage banking sector has lost an iconic figure, David Stevens, who passed away recently. His illustrious career, lasting over forty years, included leading roles at the Mortgage Bankers Association and the Federal Housing Agency.
The analytical study conducted by the FHFA utilized data from the Uniform Appraisal Dataset (UAD), which is gathered by financial institutions Fannie Mae and Freddie Mac.
Secretary of Housing and Urban Development, Fudge, seemed receptive to the idea of tackling a problem that industry association heads earlier pinpointed as vital for housing affordability in 2024.
In the newest replication of a commission legal case, eight associations dedicated to real estate are listed as defendants. Notably, no real estate brokerages are implicated in this case.
Anchor Loans has initiated a Third Party Originator (TPO) channel with the aim of catering to the needs of mortgage brokers, banks, as well as private and non-QM lenders.
The newly introduced mobile application for the Optimal Blue PPE presents loan officers with the functionality to search for products anywhere, anytime.
A reverse mortgage has the potential to be utilized for long-term care, yet elderly individuals must have a deep understanding of its potential financial implications, according to a recent opinion piece. The advisory article does not reveal its originating source.
Katie Sweeney, currently holding the dual roles as Chairman and CEO of AIME, is set to leave her position. She will be taking the lead at Broker Action Coalition, an advocacy group tied to the industry. The process of finding Sweeney’s successor at AIME is ongoing, and as of now, no new CEO has been appointed.
An analysis of why the two recent appeal motions filed by HomeServices, Keller Williams, and NAR ought to be considered.