Housing Wire
JANUARY 17, 2024
That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 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.
Housing Wire
APRIL 14, 2023
The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
APRIL 10, 2024
Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance. million in fourth-quarter 2023.
Housing Wire
JANUARY 12, 2024
As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Principal among these are: Invested capital “requires” the highest return.
Housing Wire
JULY 26, 2023
Department of Housing and Urban Development (HUD) this week announced a new notice of funding opportunity (NOFO) to examine the intricacies of converting office space into residential living units. I have a name for the buildup of that stuff,” said Phil Wharton, a New York-based developer to the Times. “I I call it the kludge.”
Housing Wire
MARCH 27, 2024
VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA They’re 100% financing, they don’t require a downpayment and the guidelines are tilted toward helping the [borrower] get in the home,” Overfelt said. “I
Housing Wire
NOVEMBER 16, 2023
Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI). But at least 60% of a lender’s financing must target these borrowers.
Expert insights. Personalized for you.
458 
Let's personalize your content