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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog. “I My Social Security and retirement income is fixed at about $5,600 per month,” he said. My Social Security and retirement income is fixed at about $5,600 per month,” he said. “I

Mortgages 415
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Reverse mortgage volume, securities issuance fall in February

Housing Wire

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. HECM-backed Securities (HMBS) issuance also recorded lower performance in February, dropping to $429 million. That was down 3.6%

Mortgages 360
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4 Questions title pros should ask before switching software systems

Housing Wire

So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck. As your business grows, you need efficient software that can grow with you, but some questions hold you back. How will our team know how to use a new system? Will our data be safe?

Title 325
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Fed purchases of agency MBS total $892 billion

Housing Wire

Five months after restarting a bond-buying program last used in the financial crisis, the Federal Reserve has purchased about $892 billion of agency mortgage-backed securities, according to a Fed blog post on Thursday. The Fed bought about twice as many Treasuries as MBS, according to the blog post’s tally.

Investor 458
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The latest real estate commission lawsuit is the scariest of them all

Housing Wire

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

MLS 406
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Knock raises $220M, lays off 46% of workforce

Housing Wire

Inman News first reported on the layoffs , which were initially referenced in a colorful and revealing 1,700-word blog post complete with photos, tables, charts, and graphs on Black’s personal website. Knock CEO Sean Black has a lot on his mind including “the difficult decision to part ways with many of our beloved Knockstars.”.

Title 380
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Federal agencies seek input on proposed AVM credibility, integrity rule

Housing Wire

The proposed rule would also implement quality control standards that govern the use of automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans. Department of the Treasury ; and the Federal Reserve System.

Design 366