Home equity access: How Finance of America bolsters the market with home equity products by Kennedy Edgerton for HousingWire

HousingWireHousingWire In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash.  Mortgage professionals…

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How might investors view reverse mortgages in 2025 and beyond? by Chris Clow for HousingWire

HousingWireHousingWire Major reverse mortgage companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — recently released their third-quarter 2024 earnings results, with FOA in particular posting strong numbers while Ellington continues to tout the versatility of Longbridge in its overall portfolio. Recently,…

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People and Property: Real Estate and Construction News From Around NH by NH Business Review for Amanda Andrews

The 1913 Boscawen Library is for sale. (Courtesy of Katie Phelps) Boscawen’s historic library building for sale for $350,000 For $350,000, Boscawen’s historic library building could be yours. Designed in 1913 by famous New England architect Guy Lowell, the building is listed on the New Hampshire Preservation Alliance’s “Seven to…

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Residences at Riverside Park: 80 new affordable housing units in Rochester planned by NH Business Review for Karen Dandurant -Foster’s Daily Democrat

Catholic Charities New Hampshire is proposing to build The Residences at Riverside Park, an 80-unit affordable housing project at the site of the old city highway garage in Rochester. (Courtesy of Catholic Charities New Hampshire) Catholic Charities New Hampshire is seeking approval for 80 units of affordable housing at the city’s…

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