HousingWireHousingWire People often disregard reverse mortgages as being too complex. However, I argue they are simply unfamiliar. When explained properly, borrowers can easily understand the concept of a reverse mortgage. However, the loan terms and language are unfamiliar to most existing homeowners. Therefore, when lenders and loan originators decide to…
Continue reading →HousingWireHousingWire The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. This represents a total of $146 billion in multifamily market support for next year, an…
Continue reading →HousingWireHousingWire The U.S. Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards. The proposal, now available for review on…
Continue reading →Last week the New Hampshire Supreme Court heard the appeal mounted by the state and some two dozen municipalities seeking to reverse the order by Judge David Ruoff of Rockingham County Superior Court that the administration of the Statewide Education Property Tax (SWEPT) is unconstitutional. Chief Justice Gordon MacDonald was…
Continue reading →HousingWireHousingWire The stock market was not the only thing that saw a boost after the presidential election earlier this month. Homebuilder confidence also rose in November, marking the third straight month of increases. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose three points month over month to a reading…
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