Residency requirements top HUD OIG’s list of open reverse mortgage issues

On an online database tracking a series of issues the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage (HECM) program, there are four open recommendations according to a review by HousingWire‘s Reverse Mortgag
Read MoreEPM’s Kevin DeLory dies of cancer at 53

Kevin DeLoryKevin DeLory, Equity Prime Mortgage’s (EPM) chief lending officer TPO and a partner in the business, died on Tuesday following a bout with cancer. He was 53 years old.DeLory spent more than 20 years in the TPO space. A Rhode Island native, he graduated from Rhode Island College in 1994,
Read MoreRealtor on impacts of deadly Kentucky flooding

Catastrophic flooding continues to inundate the central U.S. as rivers remain swollen from unprecedented rainfall brought on by a series of deadly storms.Spanning from Kentucky, Illinois and Ohio to Louisiana and Mississippi, floodwaters are still surging downstream, overwhelming neighborhoods, infr
Read MoreAging in place, high equity impact moving activity

While normal variations can be found across the country, by and large the sentiment around aging in place in one’s own home appears to be a far-and-away preference for many Americans in or near retirement. This is impacting the moving and homebuying activity in certain areas, according to housing pr
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