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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

Mortgage 328
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How builders can support baby boomers in their second phase of life

Housing Wire

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022. Most of these communities have amenities designed to foster connection.

Design 341
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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

After spending about 20 years as a banking lawyer, Mayopoulos joined Fannie Mae in 2009 as general counsel and corporate secretary of the government-sponsored enterprise — shortly after it was taken over by the federal government at the height of the financial crisis. LendingClub’s mission is to transform the banking system.

Insurance 355
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Nearly Two-Thirds of Homes Started in 2021 are in Community Associations

Eyes on Housing

Since the re-design of the SOC in 2009, this was the second highest percentage for new homes started with an association. According to data from the Census Bureau’s Survey of Construction (SOC), 65.5 percent of single-family homes started in 2021 were built within a community or homeowner’s association.

Legal 137
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Bill Dallas to speak at engage.marketing on June 17

Housing Wire

In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and a team to modernize the traditional mortgage business. The challenges of helping consumers become homeowners in this housing market is why we’ve designed engage.marketing around “All Eyes on Purchase.” Not a member?

Finance 346
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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 367
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Are seniors as susceptible to online scams as people think? A reverse lender says no

Housing Wire

border as of 2009. RMD reached out to the Consumer Financial Protection Bureau (CFPB), which maintains an Office for Older Americans that is designed to protect seniors from bad actors that could cause them financial harm. To get a better idea of the situation in the U.S.,

Design 356