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Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. The new term sheet detailed several differences from the existing HMBS program, including a…
Continue reading →Technology and outsourcing solutions company a360inc announced on Wednesday that it has acquired ProVest, a Tampa-based process and litigation information services provider for creditors. Some of a360inc’s key constituencies include mortgage lenders, servicers and investors, as well as title agencies. The deal includes an investment in a360inc by the funds…
Continue reading →More than three-quarters of U.S. adults believe that the Social Security program — which provides monthly benefit payments to Americans starting as early as age 62 — needs an “overhaul,” as it continues to face challenges to its solvency with no sign of political will or compromise to address it….
Continue reading →U.S. Vice President Kamala Harris is now the presumptive Democratic Party nominee in this November’s presidential election, and at her first major rally since replacing President Joe Biden at the top of the ticket, she took time to highlight at least one major housing issue: the cost of rent. Speaking…
Continue reading →New Ipswich Planning Board grants waiver for dead-end street in 29-unit development The New Ipswich Planning Board granted a waiver on Wednesday to allow a dead-end road in a proposed 29-unit development on the corner of Appleton and Maki roads, and continued the remainder of the discussion to September. The…
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