The Latest on the Luxury Home Market
Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle.
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Large lenders have expanded their digital home equity options
With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. Nearly all of the companies analyzed that provide home equity lending have a digital application process, while about half incorporate a soft credit pull befo
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Guild announces new ‘Flex Payment Mortgage’ suite of reverse products
Guild Mortgage announced on Wednesday the introduction of a new product line called the “Flex Payment Mortgage,” which includes Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs), refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. “Guild’s F
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FHA finalizes updates to reverse mortgage debenture interest rates
The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18, which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage (HECM) program claims proposed in July. The ML goes into effect on Sept. 28. Debenture interest r
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