Even as some are expressing concerns about the performance of debt service coverage ratio mortgages, several lenders announced product expansion. Processing Content This is a signal that the demand is in place, especially as even mega-investors are stepping back for non-owner occupied real estate purchase, local buyers are filling the void, a recent Cotality report […]
7% rates? New tech helps LOs pivot to DSCR investor loans Read More »
Credit unions have significant room to expand their reverse mortgage offerings as their memberships age, according to panelists who presented this week at the American Credit Union Mortgage Association (ACUMA)’s annual Make Your Mark conference in Las Vegas. Ron Kamler, president and CEO of Alliance Reverse Mortgage, and Brandon Bartholomew, mortgage sales manager at Mountain
Why credit unions are missing reverse mortgage demand Read More »
August’s new home sales rebound came with a catch for homebuilders: It is taking more price, more incentive and more affordability engineering to move buyers from the sidelines. Sales of newly built single-family homes rose 6.4% from July, but remained 2.0% below their year-ago pace, according to U.S. Census Bureau data released Thursday. Year-to-date sales
Builders cut prices as new home supply holds at 8.5 months Read More »