Reverse mortgage volume rose in July while securitizations fell

The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts.Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA)
Read MoreWhy a reverse mortgage could be viable in a ‘gray divorce’ situation

“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. According to a 2022 study published in the Journals of Gerontology, the rate of divorce among those ages 50 and older has doubled since 1990 and has tripled for those 65 or older.
Read MoreRealtor.com revenue falls as the portal wars heat up

As the portal wars have heated up, Realtor.com’s revenue has cooled off. During the fiscal year fourth quarter Move, Inc., the parent company of Realtor.com, recorded a 2% annual decrease in revenue to $143 million, according to an announcement on Thursday. NewsCorp, the parent company of Move, attr
Read MoreCooler market conditions generate mixed results for title’s Big Four

A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. Although all four firms reported a net income during the quarter, not all of them recorded better results than a year ago.Old RepublicAt Old Republic, total
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