New MISMO reference model includes reverse mortgages

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its referen
Read MoreWill an implicit guarantee keep mortgage rates from rising after release of GSEs?

Will mortgage rates go higher if the government takes the GSEs out of conservatorship? Many people would say yes if there were no government backing of these two giants, but on Tuesday evening the calculus changed. In a social media post on Tuesday, President Trump expressed his intention to transit
Read MoreTrump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee

President Trump last week promised a quick answer on whether to remove Fannie Mae and Freddie Mac from government conservatorship. And it appears he’s already reached a decision: it’s time to take them ‘public.’In a post published on Truth Social Tuesday night, Trump wrote:Our great Mortgage Agencie
Read MoreCalifornia wildfire recovery event sought to offer guidance to reverse mortgage borrowers

For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. But for wildfire victims who are also reverse mortgage borrowers, they may
Read More
Categories
Recent Posts










