The yo-yo ride for reverse mortgage volume continued in August

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts.Home Equity Conversion Mortgage (HECM) endors
Read MoreWhat do the D.C. attorney general’s actions mean for the future of title joint ventures?

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes.As a result of the sett
Read MoreIs the August jobs report exactly what the Fed needed to hear?

August’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal Reserve, which meets in a little under two weeks to discuss interest rates. But is it enough to justify a half-point cut?Data from the U.S. Bureau of Labor
Read MoreMortgage rates falling to 5% would get a swath of buyers back in the market
Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%.That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them bac
Read More
Categories
Recent Posts










