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

By: ameer@trustedteam.com

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased payments. The issue...

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Reverse mortgage volume, HMBS issuance falls again

By: ameer@trustedteam.com

The reverse mortgage industry is continuing to adjust to a new normal, but industry professionals maintain optimism, even if the adjustment period proves to be a difficult one. While experts...

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Servicers helped 5M COVID-impacted borrowers stay in homes

By: ameer@trustedteam.com

Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property loss, according to a report from the Federal Reserve Bank...

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

By: ameer@trustedteam.com

The $1 million donation by Flagstar Bank will go toward the recruitment and credentialing of diverse trainees, as well as to explore different ways to improve the licensing process...

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Aging in place results in longer homeownership tenures

By: ameer@trustedteam.com

Peak homeownership tenures in 2022 were down slightly compared to the two years prior, but the typical homeowner is still living in their home much longer than before, according...

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

By: ameer@trustedteam.com

Not only has the data stayed firm, but the economic data has improved recently.  Also, gas prices are down from the peak, and the inflation growth rate is no longer...

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