With inflation currently at 9.1% and interest rates expected to rise further, reverse mortgages could help senior borrowers with funds for living in place.
Category: News and Trends
People in the News Sept. 1, 2022: WFG Promotes Suzanne Tinsley to SVP
WFG National Title Insurance Co., Portland, Ore., promoted Southwest Regional Manager Suzanne Tinsley to SVP for the company’s Southwest, Western and Rocky Mountain Regions.
Ellen Comeaux of TIAA Bank: Surveying The Small Balance Space
Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.
MBA Weekly Survey Aug. 24, 2022: Rates Jump; Activity at ‘Multi-Decade Low’
Mortgage applications fell for the fourth straight week, remaining at their lowest level in 22 years as interest rates jumped to its highest level since July, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 26.
Mark P. Dangelo: Strategy is NOT Dead—Across Housing Finance and Technology it is Too Traditional
Designing the future beyond the current downturn requires a comprehensive examination of what is necessary across digital financial actions—by the consumer, by the investor, by the regulators, and by rising non-traditional competitors. Traditional strategy encased by technology is the norm—but moving forward has this prescription lost its efficacy? Will we adapt—or will we die?
S&P: Pension Funds Increase Real Estate Exposure
S&P Global Market Intelligence, New York, reported U.S. public pension funds are increasing their allocations to real estate as a hedge against volatile market conditions.
July Job Openings Overwhelm Pool of Available Workers
In the first of four major employment reports this week, the Bureau of Labor Statistics reported job openings rose to 11.2 million as of the end of July, more than double the pool of available workers.
Gas Prices Drop; Consumer Confidence Rises to 4-Month High
Gas prices fell to a four-month low this month; conversely, consumer confidence rose to a four-month high, The Conference Board reported Tuesday.
Home Price Reports: ‘Deceleration’ is Key Word
The S&P CoreLogic Case-Shiller Indices reported an 18 percent annual gain in June, still hot but well off the 19.9 percent pace in May. And the Federal Housing Finance Agency also reported deceleration in June, to 17 percent.
‘Shrinkflation’ Hits Million-Dollar Homes
Sales of homes million dollar-plus homes have more than doubled over the past three years, but as with groceries, buyers are getting less than they used to, said Zillow, Seattle.