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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business.

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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

Others have expressed concerns that we are headed for a housing crash, like in 2008. Just as different types of leaven can be used to make bread rise, and even change the flavor of the bread, increasing home prices can result from different situations. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. I kid you not!

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Exactly what to say when your clients ask these big questions

Cornerstone

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. What happens if I sell my house and can’t find a new home to buy?

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The jumbo market’s turning point (Part I)

Housing Wire

Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. from June 2022.

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