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 […]
When a reverse mortgage comes due, heirs face a clock Read More »
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,
Mortgage Rates Little-Changed to Start New Week Read More »
The next wave of technology solutions for lenders is using artificial intelligence to significantly speed up workflows and supercharge loan officers’ capacities. Twenty mortgage companies vying for a $10,000 grand prize last week at the Digital Mortgage tech showcase highlighted their unique uses of AI to automate the loan lifecycle and promote newer and faster
Digital Mortgage 2026 showcase: 20 lender AI solutions Read More »