Many people successfully purchase homes while still carrying student debt. What matters most isn't whether you have debt, it's how well you manage it.
BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.
Ryan Ozonian's appointment as senior director of innovation and AI at MyHome signifies a strategic move to integrate AI and automation into existing workflows, enhancing transaction processes and overall efficiency.
JPMorgan Chase's origination volume hit $13.7 billion in the first quarter, down 14% from the prior quarter and up 46% from the same period last year. Retail channels drove most of the production, accounting for 63.5% of the total. The bank's home lending revenues reached $1.23 billion in the first quarter, up 2% year over year.
The 55 HomeLoan is structured to deliver approvals in as little as five minutes and funding in as few as five days, providing borrowers with a cash-like option for speed and certainty of close.
As a subservicer, we are completely subject to the origination volumes of our lender clients. Generally, they are all optimistic that 2026 will generate higher volumes than 2025, but by what amount is not clear. Structural constraints are limiting broader industry expansion, and targeted improvements to the HECM program are needed.
I've known HighTech over the years, back when Don Currie was running the company. And I've been in the reverse mortgage industry for a very long time, so HighTech was a name I knew quite well. Really, I started getting to know them better as David Peskin joined and some of my old colleagues did too. I kind of knew Kevin Blakeney, who was working on their call center.
Introductory period: The initial fixed-rate phase before adjustments begin. Adjustment period: How frequently the rate can change after the intro period ends. Index: The benchmark interest rate used to calculate future rate changes. Margin: The lender's fixed markup added to the index. Initial cap: Limits how much the rate can increase at the first adjustment. Periodic cap: Limits how much the rate can change at each adjustment. Lifetime cap: The maximum interest rate allowed over the entire loan term.
The RMMI increased to a reading of 511.99 up from 502.47 in the prior quarter and the highest level since the index was launched in 2000. The data tracks long-term trends in senior home values and equity to gauge potential demand for reverse mortgages. The latest release of the RMMI underscores the extraordinary level of housing wealth held by older Americans, NRMLA President Steve Irwin said.
The group believes that proposed requirements for reverse mortgage counseling agencies to be physically located in the state, and for their services to be conducted in person, will create a severe and unnecessary chilling effect on seniors' ability to obtain a reverse mortgage in New Jersey.
