American housing trends have been shifting away from ownership toward rental, says a new report, and as the population ages, the number of senior renters is expected to increase by 40% in the next decade.
As the first industrywide effort of its kind, a new campaign is under way to revolutionize the public perception of reverse mortgage products—and it has financial backing to make some serious headway over the next five years.
Smaller lenders are seeing an opportunity to gain market share as more big banks scale back their mortgage lending operations, according to an article from The Wall Street Journal (WSJ).
The Department of Housing and Urban Development (HUD) has appealed a recent court decision regarding reverse mortgage non-borrowing spouses.
Walter Investment Management Corp. (NYSE:WAC), the parent company of Reverse Mortgage Solutions and Security One Lending, is planning to raise or borrow more than $2 billion through credit facilities and a private note offering with intentions of buying more mortgage servicing rights, it announced on Tuesday.
The Department of Housing and Urban Development has extended the deadline for FHA-approved Title I and Title II lenders and mortgagees to file for their annual recertification package.
The merits of an individual loan officer far outweigh the identity of his or her firm when it comes to choosing a new LO with whom to work, writes the Mortgage Professor Jack Guttentag in a recent column.
As lenders prepare for the “new” reverse mortgage landscape including marketing a product with more rules and requirements than ever before, the market for non-agency reverse mortgages is beginning to take shape.
For those in the market for a place to retire, some locations are better suited for others, according to a recent survey by Apartments.com.
Websites for mortgage lenders tend to be less usable than e-commerce sites like Amazon and Walmart, according to research from Change Sciences, with many lenders missing opportunities to establish relationships with mortgage shoppers.