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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. But originators need to see the big picture that extends beyond our current economic climate—the market for reverse mortgages is enormous and growing.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. 3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates.

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Rural America is losing affordable housing at a crisis pace

Housing Wire

In fact, if nothing is done, this USDA program — called Section 515 — is projected to lose up to 137,000 affordable-housing units between 2023 to 2033 nationwide due to mortgage maturities alone, according to USDA projections , “with a potential to lose approximately 333,000 units by the year 2050.”

Tenants 511
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Time for a makeover: Trade groups want a revamp of the major flood insurance program

Housing Wire

The program, which is administered by the Federal Emergency Management Agency (FEMA), is a public-private partnership between the federal government, the property and casualty insurance industry, states, local officials, lending institutions and property owners. The report looks at properties located on the Northeast U.S.

Insurance 369