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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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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 418
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RON is here to stay – Here’s what you need to know

Housing Wire

Before you do anything, you should ask your underwriter whether they will insure RON closings at all. If they do insure them, they will vet and approve your RON vendor. Designate a subject matter expert on all things RON. This person should immerse themselves in the constant developments of RON in the industry.

Law 348
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5 best Arizona real estate schools for 2024

Housing Wire

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. Classically designed to show a high degree of architectural integrity and balance. baths, 17,878 sq.ft.,