Chris Clow
Editor at Reverse Mortgage Daily
Editor at @rmdaily. Follow me here for the latest #reversemortgage industry news!
Articles
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1 week ago |
housingwire.com | Chris Clow
But when it comes to the reverse mortgage industry’s implementation of AI technology tools in other areas, there are many possibilities. Packer lays out some of these in this second part of his conversation with HousingWire’s Reverse Mortgage Daily (RMD). On top of controlling for potential bias that may arise from the AI training process, Packer explained that AI tools can be helpful when assessing property appraisals within the reverse mortgage business.
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1 week ago |
housingwire.com | Chris Clow
Younger homeowners in the Gen X, millennial and Gen Z cohorts are far more likely to plan to sell their homes. But 25% of Gen Xers, and 21% of millennials and Gen Zers, “say they’ll never sell.” according to the survey. Some of this stems from market realities. While home prices are higher, that’s also true for prospective properties that an older homeowner might prefer if selling was part of their plans.
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1 week ago |
housingwire.com | Chris Clow
The Republican majority in the Senate has long stated their desire to pass the budget bill through reconciliation, which requires some budget bills to pass with a simple majority vote rather than a supermajority of 60 votes to overcome the Senate’s filibuster rule. But reconciliation comes with requirements that are not being properly observed with the CFPB provision, parliamentarian Elizabeth MacDonough ruled. Sen.
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1 week ago |
housingwire.com | Chris Clow
But her attitude changed, she said, when she got a closer look at what the product is and what it can do. Today, she does recommend reverse mortgages for clients when she thinks they can be an appropriate fit in specific situations. When asked if she was open to incorporating reverse mortgages into her clients’ retirement plans, Gustafson explained that it was not exactly her first choice.
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1 week ago |
housingwire.com | Chris Clow
By 2035, annual global home equity release volume will reach $56 billion, according to data released last month by the European Pensions and Property Asset Release Group (EPPARG) and Ernst & Young (EY).
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RT @JRatcliffeHFPC: HFPC Fellow Ted Tozer: “This is showing me that Ginnie Mae is going through everything they can think about [as it rela…
The recent NYT story about reverse mortgages has been picked up by a lot of other papers, including the @seattletimes, making this the very first push notification about the product I've ever received on my phone. Read about that story at @rmdaily: https://t.co/LIJFqghh1q https://t.co/ayISSEAmFQ
