To my shock, housing demand grew noticeably last week, even though the war with Iran continues and mortgage rates are higher today than before the war started. Last week was one of the more positive reports since I started writing the Housing Market Tracker at the end of 2022. Everything I want to see in […]
Housing demand shockingly positive even as the Iran war continues Read More »
With refinance activity constrained and purchase volume under pressure, lenders are being forced to rethink their sustainable growth plans. The answer is becoming clear: home equity. As millions of homeowners remain locked into low mortgage rates, they are turning to second liens and mortgages to access equity without disrupting their primary loan. Tom Davis, Chief
Home equity emerges as a generational growth strategy for originators Read More »
Proprietary reverse mortgages have gained a lot of traction over the past year and now account for more industry volume than federally insured Home Equity Conversion Mortgages (HECMs). With the help of loan officers Nathan Guerrero and Jackson Matheson, Tennessee will soon join the list of states to allow private-label reverse mortgages. Guerrero, a reverse
How two LOs helped champion proprietary reverse mortgage legislation in Tennessee Read More »