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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

The company later told RMD, however, that the loan was within current product lending limits. When asked about the reportedly higher lending limit for this loan, a FOA spokesperson told RMD that the reporting on the loan amount is simply incorrect and that it is “within current HomeSafe lending limits.”

Tools 413
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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 363
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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. “By

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Opinion: The role of the LO will soon be very different

Housing Wire

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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With Caliber Reconnect, brokers are alerted when their borrower is likely to refinance or purchase a new home

Housing Wire

As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts.

Lending 382
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

In fact, many financial researchers and scholars have identified it as a strategic tool that should be considered part of a holistic financial strategy for retirement. HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

Mortgage 393
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Unveiling DIY Project Resources to Boost Home Value

Eppraisal

We'll explore a plethora of resources available to homeowners, ranging from online platforms to in-person events, designed to empower and guide DIY enthusiasts towards maximizing their home's value. Community centers may also offer tool lending libraries, where homeowners can borrow specialized equipment for their projects.