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

Housing Wire

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

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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% to 3,237,” according to the commentary accompanying RMI’s March data.

Mortgages 366
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Reverse mortgage volume, securities issuance fall in February

Housing Wire

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Industry remains optimistic Every tracked geographic region recorded lower volume in February, but the largest — Pacific/Hawaii — recorded the least severe drop of 6.2%, according to RMI. Secondly, the Southwest also held up relatively well among the top three.”

Mortgages 363
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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. There will be less price negotiation, more rate buy-downs and more seller concessions. There are certain price segments that are going to do better than others.

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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.” billion. “The

Mortgages 364
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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. This frees up the equity in your old home for a new down payment. Opendoor charges a 5% service fee and an estimated 1% for closing costs.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Cost to seller. < 1%.