Remove 2009 Remove Design Remove Development
article thumbnail

Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

Mortgage 327
article thumbnail

Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. The bottom line The reverse mortgage (HECM) for purchase program was designed to help older Americans buy a more suitable home in retirement, while still conserving cash and assets for future expenses.

Finance 422
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What happens when borrowers have more control of the lending process?

Housing Wire

Brian Francis, FormFree’s CTO and a HousingWire Vanguard, helped design the system alongside Jason Manous and Simon Zekan, who run technology and development at the company. FormFree introduced the concept of direct-source data to the mortgage industry with the AccountChek Verification of Asset (VOA) report in 2009,” he said.

Lending 401
article thumbnail

Reverse mortgage volume, HMBS issuance fall slightly in January

Housing Wire

“The other two big things that originators are more in control of is orienting their efforts toward purchase business now that HECM offers similar seller concessions as competing forward loans, which is huge, and working with advisers to develop relationships with mutually beneficial referrals.”

Mortgage 340
article thumbnail

RON is here to stay – Here’s what you need to know

Housing Wire

Designate a subject matter expert on all things RON. This person should immerse themselves in the constant developments of RON in the industry. According to a Global Workplace Analytics study , remote work has grown 159% since 2009. Be sure to ask if they provide secure storage of records you are required by law to keep.

Law 335
article thumbnail

5 best Arizona real estate schools for 2024

Housing Wire

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

article thumbnail

The Burden of Proof

Appraisal Buzz

Through their discussions, the two developed a process and decided there was a potential business here, because, as Hamilton noted, “people need this.” Bron does do annual and semiannual reviews, but they are primarily designed to allow for feedback and communication rather than being an anchor for salary increases.

HOA 222