Articles by Jessica Guerin

Who uses a reverse mortgage to purchase a house?

No one, really, even though it could be a retirement gamechanger
A little-known reverse mortgage product lets older homebuyers use their equity to purchase a house. It could help older adults free up cash at a time in life when liquidity is especially important. Too bad no one's really heard of it.
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Q&A: Synergy One's Torrey Larsen on the Mutual of Omaha Bank deal

Does the bank’s buy-in signal a turnaround for the reverse mortgage space?

Synergy One Lending President and CEO Torrey Larsen sits down with HousingWire to talk about what the entrance of a major player like Mutual of Omaha Bank means for the reverse mortgage market, and why he thinks traditional lenders will one day be the biggest players in the space.


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Why reverse mortgages still matter

Volume is in a slump, but players insist demographics are on their side
Over the years, reverse mortgages have suffered reputation issues, battled inaccurate news coverage and adjusted (again and again and again) to new regulations. Yet, the industry persists. Talk to any reverse professional and they'll tell you why: It’s the demographics, and the numbers don’t lie.
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Need cash? Take an equity partner

Homeownership investment companies offer debt-free access to equity
As housing becomes less affordable, the definition of homeownership just might become more flexible. Homeownership investment companies are popping up around the country, offering cash to homeowners for the opportunity to share in the appreciation of their property.
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AAG expands offerings to help consumers "retire better"

Leading reverse mortgage lender rebrands as provider of holistic retirement solutions
American Advisors Group, the nation’s largest reverse mortgage lender, announced Wednesday that it has rebranded as a provider of home equity solutions. While it will continue to originate reverse mortgage products, the company will also offer conventional and FHA refinance loans and real estate services in a bid to help older Americans achieve better financial outcomes in retirement.
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The most expensive towns in the U.S. – and what it costs to live there

Here’s how much you need to make to live in the top 10 priciest ZIP codes
Everyone knows that living in Beverly Hills, California, or Greenwich, Connecticut, doesn’t come cheap. But how much, exactly, does it take to live there? A recent report by GOBankingRates spells it out, naming the most expensive ZIP codes in each state and determining what it costs to comfortably live there – and the results are staggering.
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More young families opt to rent instead of buy

Homeownership for families with young kids drops 14%
More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor children that owned a home decreased by 3.6 million.
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Foreclosure filing activity down nationwide

But some local markets show an uptick
Foreclosures in the first half of 2018 are far below the peak of 1.6 million in 2010, but 40% of local markets showed an uptick in foreclosure starts, prompting one expert to blame loosening lending standards.
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Growing number of Americans say now is a bad time to buy a home

Suggests lingering memories of the housing crash may slow home price growth
There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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