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HUD Awards More Than $40M In Housing Counseling Grants

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 million available to support housing counseling services for homeowners, homebuyers and renters. Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. The new

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Reverse Mortgages Could Be A Long-Term Care Option: Kiplinger

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger.

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Mortgage Educators And Compliance Acquired By 360training, Inc. (360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Established in 1997, 360 specializes in comprehensive online training solutions for individuals and businesses across industries – including financial services, real estate, healthcare and environmental health

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Home-Equity Lending Blossomed In 2023

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. The popularity of home equity lines of credit

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CrossCountry Adopts FICO Score 10 T For Non-Conforming Loans, MBS Issuances

Ohio-based mortgage lender CrossCountry Mortgage has adopted the updated credit scoring model FICO Score 10 T to support origination of non-conforming loans and issue mortgage-backed securities (MBS), the company announced on Tuesday.  The lender’s move follows Movement Mortgage’s decision in early October to become an “early adopter” of the updated

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