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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?

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What a 15-year market share high means for the broker industry

Housing Wire

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% So, what exactly does this mean for the industry? The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape. The big question is, what caused this increase?

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Finance of America hit with layoffs; chief retail sales officer steps down

Housing Wire

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. Sieffert added that Fiore’s successor has been selected. “At

Finance 404
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FAR’s CMO on reverse mortgage industry headwinds, the role of market research

Housing Wire

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

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Finance of America’s Patti Cook reflects on 45 years in the industry

Housing Wire

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. HousingWire: One of your first jobs in the industry was at Salomon Brothers , starting in 1979. Our focus was on calming the markets and ensuring stability.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. Consequently, mortgage industry executives believe buyers will pay agents out of pocket or ask sellers to pay their agent fees through concessions.

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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

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