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New School economist calls for a ‘Gray New Deal’ for retirees

Housing Wire

Retirement in America is still centered on work, which differs from other well-developed nations in the Western world, Ghilarducci said. Part of this idea was also explored recently by journalist and management consultant Mark Peabody, who authored a book on the topic of “unretirement.” We need comprehensive retirement reform.”

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2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

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14 powerful tips to master networking as an introvert in real estate

Housing Wire

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. She developed training materials, classes, and coaching programs for her fellow introverts. Use the buddy system. When you’re attending a new networking group and don’t know anyone, attend with a friend.

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How to vet private money lenders for real estate investing

Housing Wire

A private money lender who is excellent at his work can typically be found by asking fellow investors and others in a real estate investor’s network, such as: Brokers of insurance and appraisers of real estate Contractors, suppliers, and handymen are all available. Put together a deal pitch book. Escrow officers and title agents.

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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

The cash-flow net present value (NPV) of the HECM book also increased year over year, from $3.646 billion in 2022 to $6.742 billion in 2023. Change in cash flow While there was no single factor that led the HECM book’s value to a higher level last year, the reviewers pointed instead to multiple elements that dictated the results.

Mortgage 324
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CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Mortgage lenders, borrowers react to banks closures 

Housing Wire

That was a favorable development,” Deitch said. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. . “The Treasury did make the correct decision to stabilize the market by ensuring that depositors had access to their funds.

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