Category: Mortgage

Contact: Darryl Hicks, 202-939-1784, dhicks@dworbell.com National Reverse Mortgage Lenders Association For Immediate Release: Senior Home Equity Exceeds Record $11.12 Trillion NRMLA/RiskSpan Reverse Mortgage Market Index Hits All-Time High of 388.83 WASHINGTON, July 26, 2022 — Homeowners 62 and older saw their housing wealth grow by 4.91 percent or $520 billion in the first quarter50

The bank has been on unstable footing ever since the revelation of the bank’s fake account scandal, which saw the company fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million potentially unauthorized accounts to get sales bonuses. Wells Fargo announced Friday that50

So Why Aren’t People Selling? Seattle wins the wait and hold game. Homeowners hold onto their houses for longer in just four other places — Boston; San Jose; Providence, R.I.; and Hartford, Conn. — among the 40 U.S. metro areas with at least 1 million people. We’re tied with San50

Mortgages Drop The rollercoaster that is mortgage applications saw the final days of May 2017 close on a down note and that’s likely due to a shorting in available housing to purchase, according to recent news reports. CNBC reports that U.S. mortgage applications were down 3.4 percent for the week50

According to American Association of Retired Persons (AARP) research, nearly 90 percent of seniors want to age at home. Some will stay put in their memory-filled home, while others will downsize. Options are plenty. But, it’s important to understand what’s feasible. Will your retirement investments last? What backup options do50

What is a Reverse Mortgage? A financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income. “unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues”

When you decide to get a home loan, there are a number of costs that are involved. If you are fortunate, the seller of the home may agree to cover some of the expenses for you. Some of the expenses you will see when getting a home loan is the50