Seniors are turning to reverse mortgages as they struggle to keep up with the costs of living, a new industry report found. Processing Content More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024, according to GreenPath Financial Wellness, […]
Reverse mortgage clients face growing budget deficits Read More »
Key insight: The fight over Federal Reserve independence has made confirming Warsh politically impossible, with one Republican senator blocking Kevin Warsh’s approval by the Senate Banking Committee. Forward look: Should the Senate not confirm a Fed chairman, it’s unclear who will helm the central bank when outgoing Fed Chair Jerome Powell’s term expires in mid-May.
Warsh insists he wouldn’t do Trump’s bidding as Fed chair Read More »
The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this
First closing of principal discount tool gives banks, CUs a lock-in exit Read More »