Senior-held home equity falls to $12.84 trillion in Q4 2023

By: ameer@trustedteam.com

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in...

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MCS buys Five Brothers, adds reverse mortgage services

By: ameer@trustedteam.com

Field services company MCS LLC has acquired Five Brothers Asset Management Solutions, adding to its operations reverse mortgage capabilities that are in demand.Financial terms of the transaction were not...

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David Peskin to purchase ownership stake in HighTechLending

By: ameer@trustedteam.com

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the...

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February housing starts increased 14% from January: Canada Mortgage and Housing Corp

By: ameer@trustedteam.com

The pace of home construction rose in February as builders started on more apartments and condos, but the industry continues to struggle under cost pressures. Canada Mortgage and Housing Corp....

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Is It Time To Buy A Home With An FHA Mortgage?

By: ameer@trustedteam.com

March 14, 2024 Some borrowers are not sure if they are truly ready to buy a house with an FHA mortgage. Not in the financial sense. For this article, we do...

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HUD sued over alleged failure to refund mortgage insurance premiums

By: ameer@trustedteam.com

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums...

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Lisa Moriello talks tech, 2024 HECM limit and openness to reverse mortgages

By: ameer@trustedteam.com

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot, recently spoke to RMD about how business in 2024 seemed to be off to a promising...

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Blend narrows loss in 2023, projects confidence in achieving profitability this year 

By: ameer@trustedteam.com

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base.  The San Francisco-based company reported a non-GAAP...

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Homeowners insurance rates rose nearly 19% in 2023

By: ameer@trustedteam.com

The average price borrowers pay to insure their homes is up by almost 19% in the past year and over 55% since 2019, according to a study by Guaranteed...

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HTB expands with two senior hires

By: ameer@trustedteam.com

Hampshire Trust Bank (HTB) has made two new hires, growing its portfolio management team with the recruitment of Victoria Baily and Graham Smith within its specialist mortgages division. Leading the...

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