BMO: 20% of variable-rate mortgage clients have increased payments

March 5, 2023by

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a...

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Reverse mortgage volume, HMBS issuance falls again

March 4, 2023by

The reverse mortgage industry is continuing to adjust to a new normal, but industry professionals maintain optimism, even if...

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Servicers helped 5M COVID-impacted borrowers stay in homes

March 4, 2023by

Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property...

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Flagstar gives $1 million to fix appraisal industry’s lack of diversity

March 4, 2023by

The $1 million donation by Flagstar Bank will go toward the recruitment and credentialing of diverse trainees, as well...

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Aging in place results in longer homeownership tenures

March 4, 2023by

Peak homeownership tenures in 2022 were down slightly compared to the two years prior, but the typical homeowner is...

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Inflation is high, so why aren’t mortgage rates higher?

March 4, 2023by

Not only has the data stayed firm, but the economic data has improved recently.  Also, gas prices are down from...

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