Browsing Tag:Remains

training-nonetheless-stays-a-hurdle-for-potential-reverse-mortgage-debtors-nmp
The reverse mortgage industry has made some strides in educating its borrowers about the products on offer and how they can meet the needs of retired people. However, a report by Reverse Mortgage Daily 's Chris Clow highlighted some negative statements from potential borrowers published by the Washington Post.It is clear from the first comment that people are...
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although-potential-is-excessive-reverse-mortgage-penetration-stays-low-in-australia
While the American reverse mortgage industry has looked at models of similar industries in other countries, at least one other country that appears to be leaning more towards the product category is facing a problem familiar to American reverse mortgage professionals should: low interest rates of penetration of the mortgage market.In Australia, where reverse mortgages have increased five-fold since...
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mortgage-charges-decrease-in-the-present-day-however-volatility-stays-a-threat
Mortgage rates fell today after starting the week by rising noticeably yesterday. Today's gains are due to global growth concerns at the start of the trading session and a strong 10-year Treasury auction during the domestic market hours. This morning's mortgage rates weren't much better than yesterday, but several lenders offered improvements after the treasury auction at...
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reverse-mortgage-trades-transition-away-from-libor-index-continuing-although-work-stays
Efforts by the reverse mortgage industry to completely discontinue the use of the London Interbank Offered Rate (LIBOR) index for HECM (Home Equity Conversion Mortgage) loans have been accompanied by industry contributions, particularly efforts by the National Reverse Mortgage Lenders Association (NRMLA) and certain industry players in discussions with the US Department of Housing and Urban Development (HUD) and...
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with-washington-nonetheless-busy-main-reverse-mortgage-motion-stays-unlikely
As signs of improvement and recovery from the worst COVID-19 coronavirus pandemic in the United States become increasingly prominent, federal politicians in Washington, DC, are being consumed by a number of proposed laws to strengthen the post-pandemic recovery period, along with competing ideas between the Democratic and Republican sides of the aisle in Congress.Furthermore, a surprise twist in events...
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because-the-economic-system-recovers-the-housing-market-stays-wholesome-whereas-mortgage-charges-transfer-up-different-otcfmcc
MCLEAN, Va., Feb. 6 / PRNewswire / - Freddie Mac (OTCQB: FMCC) quarterly forecast mortgage rates will continue to rise, with the 30-year fixed rate mortgage averaging just over three percent by the end of 2021. "As the economy continues to improve, we expect conditions for the real estate and mortgage markets to remain generally favorable," said Sam...
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fudge-fhas-mutual-mortgage-insurance-coverage-fund-stays-resilient
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge released a statement on the quarterly report to Congress on FHA's Mutual Mortgage Insurance Funds Programs for a year after the COVID-19 health and economic crisis on Tuesday Single family homes.She says the health of the FHA's Mutual Mortgage Insurance Fund has remained stable despite the financial challenges...
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