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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 427
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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 436
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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So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck.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?

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Can Credit Card Companies Put a Lien on Your House?

HomeLight

Get Estimate Editor’s note: This blog post is meant for educational purposes, not legal advice. Saadeh , founding attorney of a major law office in New Jersey, explains that a lien on your house is a legal claim against your property made by a creditor as a security for a debt. trillion last year.

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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.

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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.

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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.”.

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