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baby boomer
Housing Wire

How Reverse for Purchase can help baby boomer borrowers

May 26, 2023 Mark Paul Cervantes Comments Off on How Reverse for Purchase can help baby boomer borrowers

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate […]

Real Estate Investors
Economy

Reverse 1031 Exchanges: The Benefits, Risks, and Tax Opportunities Real Estate Investors Need to Know

May 3, 2023 Mark Paul Cervantes Comments Off on Reverse 1031 Exchanges: The Benefits, Risks, and Tax Opportunities Real Estate Investors Need to Know

Most real estate investors are familiar with a 1031 exchange, where a taxpayer may be able to defer the recognition of taxable gain on the sale of real property by acquiring replacement real property while meeting several […]

Weely Real Estate News

What Is a Reverse Mortgage & What Does It Mean to Me?

February 23, 2023 Mark Paul Cervantes Comments Off on What Is a Reverse Mortgage & What Does It Mean to Me?

The post What Is a Reverse Mortgage & What Does It Mean to Me? appeared first on Weekly Real Estate News.

Weely Real Estate News

Why growth of reverse mortgages is surging despite rapid rise in interest rates

February 13, 2023 Mariel Alumit Comments Off on Why growth of reverse mortgages is surging despite rapid rise in interest rates

The post Why growth of reverse mortgages is surging despite rapid rise in interest rates appeared first on Weekly Real Estate News.

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

Daily Real Estate News

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