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

Housing Wire

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 418
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What role can mortgage brokers play in fair housing?

Housing Wire

It reminds me of the early 2000s, when the focus was growth and anyone who had a heartbeat could become a broker, whether they had proper training or not. We’re also working on finding solutions for the qualified mortgage and on issues surrounding flood insurance. That mentality is going to backfire on us.

Mortgage 449