Reverse purchase financing allows those aged 62 and older to purchase a new house or certain condos by combining a one-time investment of their funds (such as profits from the sale of their current home) with reverse mortgage loan proceeds to complete the purchase.
David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died.
The FHFA based its analysis on the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.
HUD Secretary Fudge appeared open to addressing an issue previously identified by association leaders as key to affordability in 2024.
Eight Realtor associations, but no brokerages, are named as defendants in the latest copycat commission lawsuit.
Anchor Loans launched a TPO channel to serve mortgage brokers, banks, private and non-QM lenders.
Optimal Blue’s newly launched mobile app for the Optimal Blue PPE gives LOs product search capabilities anywhere.
A reverse mortgage could be used for long-term care, but seniors must know how it may interact with their finances according to a new column.
Katie Sweeney, the chairman and CEO of AIME, is departing to lead its lobbying arm, Broker Action Coalition. A new CEO at AIME has not yet been selected.
A breakdown of how the two new motions to appeal from HomeServices, Keller Williams and NAR deserve to be heard.
The services of Finnish digital floor plan firm CubiCasa are now available subscribers of yet another multiple listing services.
A new report from Redfin found that empty-nest baby boomers own twice as many of the nation’s large homes than millennials with children.
