Older homeowners want to age in place but are averse to extracting equity: Fannie Mae

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in ret
Read MoreLoan Factory sued by originators for alleged use of unauthorized information

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business.Loan officer Derek Daniel Bobadilla and the class member
Read MoreIndiana’s housing market is primed to bounce back in 2024

Last year was a tough one for the Indiana real estate market.“Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association, said. “We were up year over year in inventory, but we were at a 25 year low on new listings.”But as the calendar flipped to 2024 and as we
Read MoreOpinion: Improving housing affordability without exposing homebuyers to more risk

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors’ (NAR) Housing Affordability Index, since spring of last year, a typical family with a median income have not been able to afford a median-priced home. While mortgage rates w
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