Purchase

Freddie Mac 2020 Portfolio Growth Doubles 2019’s

Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, up from 6.8 percent for all of 2019. Purchases and Issuances totaled $129.639 billion and Sales were ($1.330) billion. The November numbers were $155.291 billion and ($4.080) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.6 billion in December compared to $107.3 billion in November, representing a 70 percent share of total single-family mortgage portfolio purchases and issuances compared to 74 percent…(read more)

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What Is Medicaid Estate Recovery?

Medicaid is a government program that can help eligible seniors pay for nursing home care. If you’re helping an aging parent navigate Medicaid because they don’t have long-term care insurance or you think you’ll need it yourself someday, it’s important … Continue reading →

The post What Is Medicaid Estate Recovery? appeared first on SmartAsset Blog.

Best Reverse Mortgage Lenders for 2021

Reverse mortgage companies provide homeowners ages 62 and over with home equity conversion mortgages, or HECMs, that convert home equity into cash. The best reverse mortgage lender provides multiple options for tapping your home equity and solid educational resources focused on the lending process and reverse mortgage rates and costs. A counseling session is mandated […]

The post Best Reverse Mortgage Lenders for 2021 appeared first on The Simple Dollar.

10 Reasons You Spend So Much on Amazon

So many of us depend on this remarkable retailer. What’s the secret sauce that makes Amazon addictive?

MBS RECAP: Mid-Day Recovery, But Broader Risks Remain

Posted To: MBS Commentary

Mid-Day Recovery, But Broader Risks Remain Bonds did well enough yesterday to suggest yields might not be interested in moving back to the higher end of their recent trading range. Today's early weakness quickly reintroduced that narrative. A decent recovery in the middle of the trading day did little to defuse the broader trend risks. By the 3pm close, 10yr yields were 2+ bps higher and MBS were 2 ticks weaker (-0.06). This isn't a massive sell-off by any means, but any weakness would have been enough to reinforce the trend. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:36 AM MBS opened roughly 1/8th lower and 10yr yields roughly 3.5bps higher after European econ data and stock strength led bond weakness overnight. 01:03 PM Modest recovery after opening…(read more)

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Residential Mortgage Services Review: A Home Purchase-Focused Lender in the Northeast

Today we’ll check out “Residential Mortgage Services Inc.,” or RMS for short, which refers to itself as a leading independent purchase-focused mortgage lender. The retail direct-to-consumer mortgage lender primarily serves the Northeast, Mid-Atlantic and Eastern Seaboard markets. RMS said purchase loans accounted for 58% of last year’s volume, compared to an estimated 40% industry average. [&hellip

The post Residential Mortgage Services Review: A Home Purchase-Focused Lender in the Northeast first appeared on The Truth About Mortgage.

Luxe Estate on Larry Ellison’s Island of Lanai Available for $8.8M

The co-founder of Oracle has already snapped up about 98 percent of the property on Lanai, HI, but one home he doesn’t own is now available for $8.8 million.

The post Luxe Estate on Larry Ellison’s Island of Lanai Available for $8.8M appeared first on Real Estate News & Insights | realtor.com®.