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The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop […]

After five years at Douglas Elliman, Steven Cohen and his team are returning to Corcoran Group, according to an announcement on Wednesday.  The team will be affiliated with Corcoran’s East Side New York City office and it consists of nine real estate professionals: Scarlett Nawrocki, Stefanie Ruch, Heather Sherman, Andrew Hurwitz, Eleanor Gottesman Zuckerman, Meredith

If we’re splitting hairs, today’s mortgage rates are half a hair lower than yesterday’s, but the average borrower might not see a difference in a rate quote. Our 30yr fixed rate index fell by the smallest increment possible (.01%) and it hasn’t been more than 0.03% away from that level for two weeks. With the