A Florida appeals court has ruled that funds available but not yet withdrawn from a reverse mortgage line of credit are protected under the state’s homestead exemption and cannot be garnished. The March 25 decision by the Fourth District Court of Appeal found that a creditor could not force a homeowner to access unused funds […]
Florida court shields unused reverse mortgage credit from garnishment Read More »
A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering (AML) rule — creating a legal vacuum and uncertainty among title and real estate professionals. While the ruling eliminates a significant compliance burden that industry groups had criticized, legal observers warn that FinCEN retains broad authority over real estate
Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict. “We’ve seen some activity from the GSEs. Instead of issuing cash window pools and putting
Even as GSEs step into MBS market, macro forces are controlling mortgage rates Read More »