Private investment management firm Archwell Capital announced on Sept. 18 that it has named Mike Middleman as CEO as it expands its investments and operating businesses across mortgage lending, insurance, commercial real estate and other industries. Middleman comes from Freedom Mortgage where he most recently served as managing director and remains vice chairman. He also […]
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When a reverse mortgage borrower dies, the loan does not simply disappear — it becomes due and payable. For heirs, the path forward depends on whether there are co-borrowers or an eligible nonborrowing spouse. If neither exists, the estate must resolve the loan. The most common type of reverse mortgage, the Home Equity Conversion Mortgage
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It was a fairly uneventful day for mortgage rates to start the new week. The underlying bond market was slightly stronger. This suggests slightly lower interest rates. The average mortgage lender lowered top-tier 30yr fixed rates by 0.01% compared to Friday. Underlying motivation for the bond market can mostly be attributed to lower oil prices,
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