The Department of Housing and Urban Development announced a new webinar to provide an overview and the latest updates to the Federal Housing Administration’s HECM reverse mortgage product on January 19, 2011. The session will cover HECM purchase transactions, refinances, and updates to the process for reverse mortgages.  The webinar will also outline the changes [...]

The sales of newly built single family homes increased 5.5 percent to a seasonally adjusted annual rate of 290,000 units in November, according to figures released from the U.S. Commerce Department last week. The gain represents a partial bounce-back from a near-record low, downwardly revised number of new-home sales in October. “While builders continue to face [...]

While the majority of Baby Boomers have seen their financial portfolio hit hard by the recession, a new study shows they could have a windfall of money coming from family inheritance. The study, authored by the Center for Retirement Research at Boston College for the MetLife Mature Market Institute, reports two-thirds of all Boomers stand [...]

The Department of Housing and Urban Development announced nearly $73 million in counseling grants that will go to more than 500 national, regional and local organizations to help families find decent housing and to prevent future foreclosures. Of the $73 million, HUD is providing $9.5 million in HECM counseling grants, an increase of 21% from [...]

Generation Mortgage Company announced it’s now ranked among the top five retail reverse mortgage lenders for the first time according to data from Reverse Market Insight. Named as the only privately owned company among the top-volume lenders, the company said it has reaffirmed its presence in both the retail and wholesale markets as it also [...]

Consumers may love GroupOn and other ways to save money while shopping, but when it comes to getting a mortgage, a survey found that borrowers fail to comparison shop and often lock in their first home loan offer. Conducted by Harris Interactive on behalf of LendingTree, the survey results show that only 28 percent of [...]