Although they don’t seem to have dealt the industry a huge blow in the short run, interest-rate increases could put the brakes on homebuying in the long term
Rising interest rates could make younger retirees reconsider taking out reverse mortgage credit lines
The FHA’s new budget reveals that the Obama administration is starting to see reverse mortgages as viable again.
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Unlike the risky subprime mortgages before the financial crisis, these new products have stricter regulations and are under a different name.
Private email exchanges between executives showed that Gao Hucheng said he would be “willing to go extra miles” for JPMorgan if his son kept his job during the bank’s 2008 layoffs.
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The lender will send refunds to more than 1,300 New Yorkers as part of a settlement with state regulators.