Face-to-face reverse mortgage counseling is back in Massachusetts (for now)

Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the standard that expired on April 1.This is according to pri
Read MoreFairway’s Sciandra joins NRMLA board

The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation, has joined its board of directors for the remainder of the 2023-2024 term.Reverse mortgage division leaders a
Read MoreHomeServices: It is too soon for a ruling in Sitzer/Burnett

In a filing earlier this week, HomeServices of America asked Judge Stephen Bough, who is overseeing the Sitzer/Burnett commission lawsuit, to deny the plaintiffs motion for entry of judgement.In their mid-March filing, the Sitzer/Burnett plaintiffs asked the court to order HomeServices of America, t
Read MoreHalf of American households are struggling to cover rising housing costs

Since the spring of last year, a typical family with a median income has not been able to afford a median-priced home, according to the National Association of Realtors’ (NAR) Housing Affordability Index.Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford t
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