Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

A second reverse lender is targeting Gen X with private-label products

Finance of America Reverse (FAR) rolls out a lower minimum eligible age of 55 for its "HomeSafe" suite of proprietary reverse mortgages

Leading reverse mortgage lender Finance of America Reverse (FAR) has lowered the minimum qualifying age for its “HomeSafe” suite of proprietary reverse mortgage products to 55 in the majority of the states in which the suite is available, Reverse Mortgage Daily has learned.

This makes FAR the second major reverse mortgage lender in the nation to lower the minimum age requirement on its proprietary, non-agency products. While the new threshold applies across a very prominent brand in the private-label reverse mortgage space, the new hybrid forward/reverse mortgage proprietary product that FAR introduced earlier in the year maintains its existing requirements related to the period which requires payments.

Read more details of the change to FAR’s HomeSafe product suite at Reverse Mortgage Daily.

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