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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . By 2050, 20% of Americans will be 65 or older. And they’re sitting on an estimated $10 trillion in home equity.

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DataDigest: In the nation’s hottest housing market, flood insurance premiums soar

Housing Wire

billion per year by 2050 from the base period in severe climate-risk scenario,” economists at CoreLogic said. Here are the 10 counties with the highest annual loss projections through 2050. In the meantime, the combination of higher flood insurance rates and elevated mortgage rates is already cooling the housing market in Miami a bit.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. Josh Mettle: It’s a tie between Mortgage Coach TCA and BNTouch CRM.

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Opinion: The baby boom wave is cresting

Housing Wire

2050 and Beyond: By mid-century, we will have more than 19 million people aged 85 and older. Paul Donohue is a reverse area sales manager for Mutual of Omaha Reverse Mortgage. Getting older and living longer 2040 Aging Power: By 2040, 80 million people will be aged 65 and older.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

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FAQs About Appraising Solar Panels

McKissock

already have some form of clean energy goal in place, with some states aiming for 100% by 2050. If the appraisal is completed for mortgage lending purposes, lenders are responsible for informing you of the accurate ownership structure of the solar panels. Solar panels will continue to become more widespread into the future.