Stearns Lending and a West Coast-based homebuilder have entered into an agreement to form a mortgage company set to be fully deployed by mid-2015.
The qualifying age to receive a reverse mortgage is growing by the thousands daily, but the industry is still battling misconceptions and only penetrating 2% of the current market. That’s where you can help. Take our short survey to tell us why you do or do not offer reverse products.
Mortgage applications jumped by almost 50% last week after taking a dive during the last weeks of 2014.
Affordable homes are lagging far behind higher-priced homes in the home price recovery, trailing the furthest behind their pre-crisis housing maximums. Black Knight Financial delves into why.
The FHA’s plan to lower annual mortgage insurance premiums could steer business away from the GSEs. Will Fannie, Freddie make adjustments to their guarantee fees and loan level pricing?
In his recent speech on housing in Arizona, the President addressed new housing initiatives, including lowering FHA rates, winding down Fannie and Freddie and continuing to crack down on shoddy lending practices.