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

Housing Wire

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . By 2050, 20% of Americans will be 65 or older. And they’re sitting on an estimated $10 trillion in home equity.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. HousingWire: What has been the most useful tech tool for you?

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Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

Tenants 511
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Insurance 397
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Time for a makeover: Trade groups want a revamp of the major flood insurance program

Housing Wire

This research is mostly in line with a 2016 report from Freddie Mac , which predicts $160 billion of the housing market will drop below sea level by 2050 — and $238 billion by 2100. The report looks at properties located on the Northeast U.S. coast that were impacted by Hurricane Sandy in 2012.

Insurance 369