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2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The financial performance of the HECM portfolio has improved in each of the last three years and is now positive for the first time since FY 2015,” FHA’s Annual Report to Congress reads. The post 2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015 appeared first on HousingWire.

Mortgage 384
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Housing Supply vs. Aging in Place 

Appraisal Buzz

Since 2015, there has been a sizable increase in the homeownership rate among those Americans 70 and older. In contrast, pre-2015 homeownership patterns would have predicted that more of these homes would have been sold. After 65, homeownership rates are higher in 2022 relative to 2015.

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Baby Boomer Homeowners Passing Away Won’t Be Enough to Meet Housing Demand

Appraisal Buzz

Since 2015, there has been a sizable increase in the homeownership rate among those 70 and older. In contrast, pre-2015 homeownership patterns would have predicted that more of these homes would have been sold. In contrast, pre-2015 homeownership patterns would have predicted that more of these homes would have been sold.

Buyers 396
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Erbey back as chairman of Altisource Asset Management Corp.

Housing Wire

The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to January 2015. Erbey served as the executive chairman of the board of directors of Ocwen from 1996 to 2015.

Business 452
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Housing supply will be impacted as more Americans age in place

Housing Wire

Since 2015, there has been a sizable increase in the homeownership rate among those 70 and older,” the report said. In contrast, pre-2015 homeownership patterns would have predicted that these homes would have been sold.

Buyers 363
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FHFA to raise the 2025 multifamily loan caps for Fannie, Freddie by 4%

Housing Wire

FHFA has set the caps on the GSEs’ conventional multifamily businesses since 2015. But in an effort to prevent disruption, “if FHFA determines that the actual size of the 2025 market is smaller than was initially projected, FHFA will not lower the caps,” the agency explained.

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Josh Team accused of taking illegal kickbacks in battle between two tech firms

Housing Wire

According to the counterclaim, in 2015 while working for Keller Williams, Team was asked to build a platform for the firm. Over the course of eight years from 2015 to 2023, Keller Williams paid Aika more than $38 million, according to the counterclaim. In September, Aika filed a counterclaim that brought Team into the suit.

Contracts 412