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Reverse mortgage volume, HMBS issuance see improvement in March

Housing Wire

After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The gains were led by Guild Mortgage (rising 96.6%

Mortgages 396
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 464
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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. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

Mortgages 392
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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. There’s always been a seasonality to the industry where the holidays are significantly slower than immediately before and after.”

Mortgages 391
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A top agent’s take on 2023 housing trends

Real Trends

An increasing number of agents are exiting the industry because of these roller coaster conditions. You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. You can work with local industry experts to help you set your home’s price. If you bundle their services an coordinate your close dates, you can potentially save thousands of dollars and avoid paying double mortgages.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.