Housing inventory under 1M again as sales collapse

By: ameer@trustedteam.com

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home...

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Existing home sales fell for the 11th consecutive month in December

By: ameer@trustedteam.com

Homes sales ended the year at a seasonally adjusted, annualized pace of 4.02 million units, which was 34% lower than December 2021. It is the slowest pace since November 2010,...

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Reverse pros talk shop on keeping business moving in 2023

By: ameer@trustedteam.com

Reverse mortgage professionals have different perspectives based on their unique markets and experiences, and that’s true of industry pros like Rich Pinnell of Primary Residential Mortgage, Inc. (PRMI) in...

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Top Canadian reverse lender HomeEquity Bank notched $4.4B in portfolio volume in 2022

By: ameer@trustedteam.com

Toronto-based HomeEquity Bank, the leading provider of reverse mortgage loans in Canada, announced this week that its total reverse mortgage portfolio surpassed $6 billion CAD (roughly $4.4 billion USD)...

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How brokers can excel in a challenging market, and other lessons from the FSRA conference

By: ameer@trustedteam.com

Mortgage professionals may be feeling angst these days with origination volumes well down from last year’s highs. But it’s in times like these that the value prospect of a...

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AZ bill could wipe out property taxes for some, but not reverse borrowers

By: ameer@trustedteam.com

Rep. Rachel Jones (R), a member of the Arizona legislature, has introduced a bill that, if passed, would eliminate property taxes for homeowners whose mortgages are paid in full....

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Outlining ‘premium’ reverse mortgage features can help in tough times

By: ameer@trustedteam.com

It may not always occur to a reverse mortgage professional to think of Home Equity Conversion Mortgage (HECM) product features as “premium.” However, depending on the borrower’s need, a...

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One Mortgage System upgrades partnership with Hometrack AVM  

By: ameer@trustedteam.com

One Mortgage System has upgraded its integration with automated valuation business Hometrack to speed up home loan applications.   The mortgage processing platform for brokers says the move gives advisers...

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Coventry for Intermediaries launches 2-year BTL loans  

By: ameer@trustedteam.com

Coventry for Intermediaries has launched two-year fixed-rate loans for existing buy-to-let customers.  The mutual’s broker-only arm says that rates are available between 50% and 75% loan to value for BTL and portfolio...

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Getting a near-perfect credit score is ‘definitely attainable,’ says analyst. Here’s how to do it

By: ameer@trustedteam.com

Higher credit scores pave the way to lower rates, potentially saving thousands of dollars in interest charges. The highest tier is anything over 800, which can unlock even better terms. Here's...

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