The higher rate of arrears and post-pandemic rule changes impacting government loans present operational hurdles that collectively represent an occasion to rise to, according to LoanCare President Dave Worrall. Processing Content “Government loans are a great opportunity to keep a default management organization well exercised and ready,” he said in a recent interview. As a […]
How LoanCare is preparing for the next default cycle Read More »
I launched a condo conversion community recently. Units priced between $90,000 and $140,000. Sold six in the first week. Five of the six were seller-financed. Not because the buyers preferred it. Because conventional lenders couldn’t touch them. FHA couldn’t touch them. These were people with real income, real savings and no path to a mortgage.
Financing Gap Blocks Buyers from Starter Homes Read More »
[embedded content] As America’s population ages, a growing number of homeowners are entering retirement with substantial housing wealth and new questions about how to use it. For mortgage professionals, that shift is creating opportunities to have broader conversations about housing wealth, cash flow and long-term financial planning. For years, reverse mortgages were often misunderstood as
What mortgage professionals need to know about reverse mortgages Read More »