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Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A As long as you retain ownership of the home and pay the property taxes, the loan will not become due.”

Mortgage 381
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Service provider LERETA appoints new CTO 

Housing Wire

In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology.

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Opinion: More financing options for ADUs are needed

Housing Wire

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 447
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For title companies, accuracy is only part of the solution

Housing Wire

As title companies adopt more digital business processes and re-design their workflows accordingly, opportunities exist to vastly improve operational efficiency. Case in point: How title companies source property tax status information. Simplifying the Process.

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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Mortgage 386
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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Despite its roots in a methodology designed to support appraisers, Value. Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 million armed robbery of a… Certified Appraisers vs.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Reviewing / appealing property tax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Tax implications for final probate. Functionality of design and layout. Future potential for development of the home. Renovation loan assessments.

Appraisal 105