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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

Modernizing regulations around reinsurance will enable insurance companies to expand coverage and write more policies in communities across the state facing greater risk, ensuring stability and resilience in our insurance market. The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP.

Insurance 523
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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Additionally, she serves on the Board of Directors for Moderne Ventures and recently served on the boards of Upstream and RESO.

Legal 418
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Bill Dallas to speak at engage.marketing on June 17

Housing Wire

In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and a team to modernize the traditional mortgage business. In 2018, Skyline was purchased by Finance of America and today Dallas leads the combined business. Participants will walk away with immediately applicable skills that they can use in their day-to-day work.

Finance 370
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Manufactured homes are appreciating faster than site-built homes

Housing Wire

increased by 58.34% between 2018 and 2023. It called these the most extensive updates of their kind in three decades as the department seeks to modernize the features of manufactured homes to drive demand. The study from LendingTree found that the average price of a new manufactured home sold in the U.S.

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FOA narrows losses, touts dominance of reverse mortgage market

Housing Wire

We are firmly positioned as the leading provider of modern retirement solutions with the potential to reach tens of millions of customers nationwide,” he said. billion in funded loan volume from 2018 through 2023, and it noted that there have yet to be any “principal loss in respect of [proprietary reverse loan securitization] bonds.”

Marketing 448
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Proposed Design of the URAR

Appraiserblogs

Here’s the link to the ‘slide show’ the GSE’s have produced showing proposed design of the future, revised, URAR appraisal form. Related Posts: Appraisal Forms Redesign In 2018, the GSEs began working on 'mortgage lending appraisal forms redesign', a process they said would take approximately 3…. In late 2019, FHFA decided….

Design 114