Home equity could make a difference for long-term care funding (but there’s a catch)

As the U.S. population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners.
Read MoreConcerns are growing over the rising cost of homeowners insurance

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk, a technology services company serving the residential real estate lending industry.The nationwide survey received 1,634 responses fro
Read MoreCelink files objection seeking dismissal of fees lawsuit

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF).In response to the recent recommendation by a magistrate judge against the dismiss
Read MoreRent growth to slow further in 2024 as more inventory arrives

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. However, affordability woes will persist.Commercial property firm CBRE estimates that rent prices will only grow 1.2% this year, bringing the vacancy rate above the pre-pandemic level, the Wall Street Journal
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