HousingWireHousingWire A growing problem is preventing condominium owners from selling their properties. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. If a condo is on this list, it’s significantly harder for prospective buyers to get…
Continue reading →HousingWireHousingWire In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. The government contended that the bank’s recent supplement to the record of expert testimony is not…
Continue reading →HousingWireHousingWire At the end of 2024, I wrote that the homebuilding sector could be a potential wildcard for 2025 — and that was before the new tariffs on building materials and firing of federal workers. If mortgage rates don’t drop, we may see this sector facing supply issues and shrinking…
Continue reading →HousingWireHousingWire A bill being deliberated in the Washington State Senate regarding a foreclosure mediation program would except reverse mortgage borrowers over the age of 61. However, this would not include slightly younger borrowers seeking a proprietary reverse mortgage within the state, and the National Reverse Mortgage Lenders Association (NRMLA) has…
Continue reading →GE Aerospace says it plans to invest $16 million this year at its jet engine factory in Hooksett, where it employs 800 workers. The announcement comes as part of the company’s plan to invest nearly $1 billion in its U.S. factories and supply chain, GE Aerospace announced last week. GE…
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