Seniors Hold Untapped TrillionsLegacy Reverse Mortgage (Today) - Recent data shows that home equity is often a large and untapped asset for senior citizens. In 2011, one study found that seniors over the age of 65 collectively held...
Fed Could Hurt Housing RecoveryLegacy Reverse Mortgage (Today) - Rumors of additional easing by the Fed are sweeping Wall Street, but that a third round of quantitative easing could delay the recovery of the housing market. We explain how...
Maryland court rejects robo-signing lawsuit on technicalityHousingWire (Today) - A Maryland court ruled that homeowners lose the right to file a subsequent lawsuit against a foreclosure proceeding if the grievances are not aired during the original foreclosure.In Maryland, all...
Fannie Mae multifamily mortgage EVP retires, replacement namedHousingWire (Today) - Kenneth Bacon, executive vice president of the Fannie Mae multifamily mortgage business, is retiring after 18 years at the mortgage giant.Jeff Hayward will assume Bacon's position leading the multifamily team,...
Appraisal board solicits feedback on seller concessionsHousingWire (Today) - An appraisal practices board formed by The Appraisal Foundation is accepting feedback on a second draft of a proposal designed to advise appraisers on how to adjust comparable sales for...
Treasury to pay investors triple for HAMP principal reductionsHousingWire (Today) - The Treasury Department will triple payments to mortgage investors for reducing principal through an expanded Home Affordable Modification Program announced Friday.Officials announced several critical changes to HAMP, including an enrollment...
Legacy Reverse Mortgage (Today) - Recent data shows that home equity is often a large and untapped asset for senior citizens. In 2011, one study found that seniors over the age of 65 collectively held...
HousingWire (Today) - The serious delinquency rate for Federal Housing Administration mortgages reached 9.6% in December, the highest level in more than two years, the Department of Housing and Urban Development said.More than... Reverse Mortgage Daily (Today) - Reverse mortgage applications submitted to the Department of Housing and Urban Development fell 18.9% in December to 6,092. The total number of applications in the prior month, November, was 7,058,...
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