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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 442
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 392
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Reverse mortgage volume, HMBS issuance see improvement in March

Housing Wire

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The actual breakout of numbers also paints a telling picture, since March saw new borrower (or “equity takeout”) originations rise by 10.7%, HECM for Purchase (H4P) endorsements increase by 15.1% and even HECM-to-HECM refinances jump by 8.8%.

Mortgages 381
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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. It never will be. I’ll explain later.)

Agents 400
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Agent strategies for getting first-time homebuyers across the finish line

Real Trends

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. It never will be. I’ll explain later.)

Agents 99
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Your Dream Home Appraised Lower than Your Offer: Now What?

HomeLight

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. It’s tough to decide between your many options. Table of Contents. What is an appraisal and how does it work?

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Reverse mortgage volume, HMBS issuance fall slightly in January

Housing Wire

With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. to 106 loans), Finance of America Reverse (up 17.7% to 592 loans) and Longbridge Financial (up 7% to 258). But things could turn around, Lunde explained.

Mortgages 378