HousingWireHousingWire After spending their entire career in the “accumulation” phase of wealth building, retirees who then have to transition into the “decumulation” phase — spending down their assets with no additional employment income — is a source of stress for nearly half of American retirees. This is according to a…
Continue reading →George Hamblen BY GEORGE HAMBLEN Granite Staters want one thing: smart policies that benefit working families and small businesses in our state. The proposed merger between Capital One and Discover stands out as a powerful opportunity to strengthen these priorities by addressing long-standing challenges in affordable housing and supporting the…
Continue reading →HousingWireHousingWire With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. is now back up above the 2023 and 2024 levels for the first time since August. Affordability is getting worse for homebuyers this fall. That does not bode…
Continue reading →HousingWireHousingWire Life after the 2008 financial crisis hasn’t been kind to the appraisal industry. Stagnant pay and increasingly shorter turnaround times have prompted tens of thousands to leave the profession, and the presence of appraisal management companies (AMCs) has rankled industry veterans. The tension between AMCs and appraisers has reached…
Continue reading →HousingWireHousingWire Ginnie Mae on Monday released a final term sheet for its new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program referred to as “HMBS 2.0.” Ginnie Mae has been developing the final term sheet in consultation with reverse mortgage industry stakeholders and comments submitted to the government-owned company….
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