For reverse mortgage lenders, the secondary market is a complex balancing act of liquidity, interest rates and government regulations. The industry continues to grapple with challenges stemming from the Ginnie Mae HECM Mortgage-Backed Securities (HMBS) program’s 98% buyout requirement, a rule some say contributed to the 2022 bankruptcy of Reverse Mortgage Funding (RMF). With the highly…
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The 1916 Beaux-Arts mansion, once owned by Cecil B. DeMille, sits in the hilly neighborhood of Los Feliz. In North Carolina, the TV-famous home from “Dawson’s Creek” has sold.
A couple paid $2.5 million for a townhouse that needed a gut renovation. Eighteen months later, they were crazy about the result.
When I started in the security technology industry two decades ago, we were selling VCRs with tape-based recording systems that lasted less than a week before you had to swap out the cassette and write on it with a marker. That was only 23 years ago. The transformation from where I started to now is…