“Tracing the Journey of Chris Moschner: A Deep Dive into the Reverse Mortgage Industry”
Chris Moschner, the CMO of FOA, has acknowledged an issue in linking older clients with reverse mortgages, and is aspiring to address this marketing challenge.
“Forecasted Dip in Mortgage Rates: Fannie Mae’s Optimistic Outlook for Year End”
A decrease in the rate environment is expected to increase the volume of refinancing, subsequently stimulating the currently stagnant existing home sales market.
“Revolutionizing the Housing Market: Former Ginnie Mae President Celebrates Introduction of New HMBS Product”
Ted Tozer, with a tenure as the president of Ginnie Mae between 2009 and 2017, expresses enthusiasm about the enterprise looking into the development of a brand new HMBS product.
“Unprecedented Low Mortgage Rates: A Dive into the Dip to 6.6% Since May 2023”
This week signaled positive news for prospective homebuyers, as mortgage rates experienced a drop to 6.6%, hitting their most affordable point since May 2023. This development provides a potential opportunity for those who have been patiently biding their time to enter the housing market.
“Beware of Impostors: The CFPB Alerts Public about Scammers Posing as Bureau Officials”
Fraudsters are becoming increasingly audacious in their efforts to prey upon elderly Americans, asserts the Bureau. These cheaters falsely identify themselves as affiliates of the CFPB or other government bodies in an attempt to deceive the victim.
“UWM Revamps FindAMortgageBroker.com: The Transition to Mortgage Matchup”
UWM has a goal to bridge homebuyers and local mortgage brokers, featuring a variety of loan alternatives on its revamped website, Mortgage Matchup.
“Exploring the Impact of MBS Market Imbalance on Rising Mortgage Rates”
The likelihood of government-sponsored enterprises increasing their mortgage-backed securities purchases, coupled with the cessation of the Federal Reserve’s quantitative tightening, could potentially provide a solution. However, one of these scenarios appears more probable than the other.
“Resurgence in Refinancing: Rising Mortgage Applications Signal Market Optimism”
Experts interpret the projected curve and the latest decrease in the mortgage rate as positive indicators for a prospective revival in refinancing.
“Unlocking the Mystery of Reverse Purchase Financing: The Underexplored Mortgage Option”
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.
“Remembering David Stevens: A Luminary of Housing Finance Industry and Former FHA Commissioner”
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.