Browsing Tag:Prepare

put-together-for-the-rise-in-mortgage-charges
When the calendar was turned to 2021, the rise in mortgage rates didn't last long. Just two weeks into the new year Freddie Mac reported that mortgage rates rose 14 basis points to 2.79%, a dramatic contrast to 2020, a year when mortgage rates hit record lows 16 times. Economists across the housing industry believe the era...
Continue reading
0 Comments
Share
reverse-mortgage-lenders-put-together-to-resume-new-york-enterprise-after-pause
After reverse mortgage origination was suspended in New York last month due to a series of new regulations recently enacted by the state governor, at least one major lender has resumed operations in the state while others are doing so prepare soon.Reverse Mortgage Funding (RMF) resumed origination activities in New York State late last week. This is evident...
Continue reading
0 Comments
Share
reverse-mortgage-lenders-servicers-and-software-program-suppliers-put-together-for-fee-index-shift
Since the schedule for servicing the London Interbank Offered Rate (LIBOR) as the basis for reverse floating rate mortgages has been significantly reduced following a decision by the Government National Mortgage Association (GNMA or "Ginnie Mae") last month, the opposite is true Fall The mortgage industry had to adjust quickly to the introduction of a new interest rate index...
Continue reading
0 Comments
Share