New CFPB report looks at reverse mortgage activity in 2023 A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry. 01/11/2025 - 10:42 am | View Link
4 Key Signs You’ve Found the Right Reverse Mortgage Lender Anyone with equity in a home can potentially take advantage of a reverse mortgage, also known as a home equity conversion mortgage (HECM), which enables a homeowner to access the cash of their ... 01/10/2025 - 6:00 am | View Link
How 7% mortgage rates will change housing for a decade By June this year, we should expect that over 20% of U.S. borrowers will have mortgages with a 30-year fixed rate greater than 6% — levels not seen for a decade. As long as mortgage rates stay ... 01/10/2025 - 4:54 am | View Link
2025 Mortgage Rate Forecast: Here's Why You Shouldn't Bet on Lower Rates This Year Last year, the path to lower mortgage rates seemed relatively straightforward: Official inflation would go down, the Federal Reserve would cut interest rates and the cost of borrowing would gradually ... 01/9/2025 - 6:59 pm | View Link
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. 01/9/2025 - 1:49 pm | View Link
HUD FHA Reverse Mortgage for Seniors (HECM) The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through a Federal Housing Administration (FHA)-approved lender. The HECM is the FHA's reverse mortgage program that enables you to withdraw a portion of your home's equity to use for home maintenance ... 01/12/2025 - 5:33 pm | View Website
Reverse Mortgages: How They Work And Who They’re Good For The most popular reverse mortgage is a home equity conversion mortgage (HECM), which is available through government-insured programs with strict guidelines and standards. However, reverse ... 01/12/2025 - 12:58 am | View Website
Everything You Need to Know About Reverse Mortgages With reverse mortgages, avoiding foreclosure requires staying current on your property taxes, home insurance and home maintenance, and continuing to live in the home as your primary residence. In addition, a reverse mortgage eats into your home equity. As a result, it can deplete the equity that you have left to pass on to heirs. 01/11/2025 - 11:03 pm | View Website
Reverse Mortgage Guide: Types, Costs, and Requirements A reverse mortgage is a loan that allows eligible homeowners age 62 or older to borrow money against the equity in their home and receive the proceeds as a lump sum, a fixed monthly payment, or a ... 01/11/2025 - 10:28 pm | View Website
What Is A Reverse Mortgage? | Rocket Mortgage A reverse mortgage is a loan that allows homeowners – most often those 62 or older – to borrow against a portion of the equity in their home. A reverse mortgage works differently than a traditional mortgage loan, though. Instead of making payments to your lender, your lender will make a payment to you. ... 01/11/2025 - 9:16 pm | View Website
California Gov. Gavin Newsom surveys the damage in Pacific Palisades with CalFire's Nick Schuler and State Sen. Alex Padilla. Jeff Gritchen/MediaNews Group/Orange County Register via Getty ImagesCalifornia Gov. Gavin Newsom is already looking ahead to an "LA 2.0" post-wildfire. He said he is "organizing a Marshall Plan" to hasten the city's recovery efforts.
A Dutch pension fund completely divested its stake in Tesla over several concerns. Brandon Bell/Getty ImagesDutch pension fund ABP sold its Tesla stake over Musk's pay and working conditions at the company. ABP disagreed with Musk's compensation package and voted against it in June. The fund called the pay package "controversial and exceptionally high."A Dutch civil service pension fund sold its entire stake in Tesla over disapproval of CEO Elon Musk's pay package and working conditions at the company.
In November, President-elect Donald Trump said that Elon Musk would co-lead a government commission called the Department of Government Efficiency, or DOGE. Brandon Bell via Getty ImagesDOGE plans to deploy its staffers to major government agencies after Donald Trump takes office. Two DOGE representatives will be embedded at each agency, The New York Times reported.
A 57th Otaman Kost Hordiienko Motorized Brigade drone operator launches a UAV in preparation for a combat mission in Kharkiv. Viacheslav Madiievskyi / Ukrinform/Future Publishing via Getty ImagesUkraine has been releasing excerpts of what its forces say is a North Korean soldier's diary. They include a stick-figure sketch of using a comrade as "bait" to shoot down a drone.
Microsoft has expanded Outlook over the years to absorb MSN and Hotmail, and also its Mail and Calendar applications. Jakub Porzycki/NurPhoto via Getty ImagesMicrosoft Outlook is an email platform with productivity features like calendar and file-sharing. Microsoft discontinued its old email platforms, MSN and Hotmail, and folded them into Outlook.
Connections is the one of the most popular New York Times word games that's captured the public's attention. The game is all about finding the "common threads between words." And just like Wordle, Connections resets after midnight and each new set of words gets trickier and trickier—so we've served up some hints and tips to get you over the hurdle.