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HUD aims to help protect communities from extreme heat

Housing Wire

“For the first time in its history, HUD published a webpage on Extreme Heat that serves as a hub highlighting actions communities can take to prepare and respond to extreme heat events and available resources to help fund climate resilience projects,” the department said. HUD also shared two new technical assistance products.

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Reuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

Housing Wire

That saving activity is likely a big help, because Hausknost’s mother incurs roughly $6,000 a month for room and board alone, with extra costs like medication adding to that figure regularly, the column explained. The beneficiaries can get more. They can pay off the loan and still have a net windfall.”

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Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers 

Appraisal Buzz

Photo: David Kristianto The post Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers appeared first on MortgageOrb. The post Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers appeared first on Appraisal Buzz.

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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

Many originators in high-priced housing markets cite financial advisers as pivotal partners, and certain financial planners have started to more openly embrace reverse mortgages as a tool to help protect their clients against market forces and other potential losses. But this take is not universal.

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Commentary: What an industry pro learned after helping his parents get a reverse mortgage

Housing Wire

I believe that experience is one of the best teachers and I am hopeful that my experience helps reverse lenders better serve their borrowers. While reverse mortgages are meant to be hands off, it was helpful to be hands on with helping my parents understand their loan options.

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Mortgage rates helped by the Fed’s moderate stance

Housing Wire

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

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Stairs Financial platform launches to help first-time homebuyers

Housing Wire

With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. Stairs helps homebuyers find the right mortgage for them, with lower down payments, grants and flexible underwriting.”