The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs. […]
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Real estate appraisal management company Class Valuation announced Wednesday that Daniel A. Busch has joined the company as its chief financial officer. Busch, who brings more than two decades of financial leadership experience to the role, most recently served as CFO of Continental Services, a private equity-backed provider of food service management solutions operating across
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The Fed cut its policy rate by 0.25% today and mortgage rates moved lower after the announcement. That said, those two developments are not related. In fact, there was no movement in the bonds that underlie mortgage rates when the rate cut was announced. Instead, the market (and rates) moved in response to Fed Chair
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