Spotlight: Southeast Region
There’s more than smoke and mirrors to these Southern states.
Q&A1: Doug Duncan, Fannie Mae
Home prices could slide 10% in a two-year period
Featured Top Originator: Shant Banosian, Guaranteed Rate
No. 1 Top Dollar Volume, No. 1 Most Loans Closed
Consumer advocates raise concerns about reverse mortgage servicing
The vast majority of reverse mortgages in the U.S. are federally insured loans known as Home Equity Conversion Mortgages (HECMs), which represent a tiny fraction of the mortgage market. The Federal Housing Administration (FHA) has insured about 1.3 million HECMs since 1990. By contrast, the Mortgage Bankers Association estimates that some 13.5 million purchase and…...
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