Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas. She previously interned with a broadcast position at CBS and has a background in freelance journalism.
Nearly 90% of homeowners approaching retirement want to stay in their homes as they age, according to AARP. And that massive statistic is the single best marketing tool a reverse mortgage professional can use. The aging-in-place movement is upon us, and it is huge.
A major U.S. bank is being fined over sloppy mortgage documentation practices and no, it’s not Wells Fargo. The Federal Reserve announced Friday that it fined CitiGroup $8.6 million over the “deficient execution and notarization of certain mortgage-related affidavits” by its subsidiary CitiFinancial.
For the first time in almost four years, home prices have decreased for three consecutive months. While aggregate senior home equity has consistently risen in the last several years, will its growth taper off as appreciation slows?
Purchasing a home may be the biggest decision you make your entire life. The way you choose to invest your money could either set you up for failure or success. Hippo, an InsureTech company, lists 5 hidden homeownership costs and provides some insight on the best ways to avoid them.
Housing affordability reached a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. NAHB Chairman Randy Noel says homebuilders are struggling to ensure pricing does not outpace expected gains in wage growth.
Mortgage rates decreased slightly this week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says going forward, the strong economy will support the housing market, but affordability pressures will lead to continued softening in home price growth.
I landed in San Francisco on Monday to report at the fourth annual Ellie Mae Classic, a celebrity golf tournament that supports the Mortgage Bankers Association's Opens Doors Foundation. I spent the day connecting with industry players at TPC Stonebrae, where the lush golf course rolled into breathtaking views of the San Francisco Bay.
Mortgage applications decreased 3% from last week, and the USDA share of total applications remained unchanged at 0.8%, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Mortgage professionals descended on a Bay Area country club on Monday for the third annual 2018 Ellie Mae Classic. Colorful polo shirts abound as players lined up for Ellie Mae’s Community Pro-Am, sponsored by HousingWire. Later in the week, Steph Curry and others high-profile athletes will compete against pros in the Celebrity Shootout.
For older adults looking to retire and ditch that mortgage payment, a HECM could be the more advantageous. But compared with the overall HELOC market, the HECM market is tiny. Reverse mortgage originators haven't been able to crack the bias that has turned consumers away from the product.
Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.