new homes sales in the us reach record 10 year high

U.S. New Home Sales Reach 10-Year High

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development recently released the October 2017 home sales data — and it's great news. 685,000 new homes were sold, hitting the highest level the industry has seen in a decade since October...

what you need to know about reverse mortgage loans

Reverse Mortgage Loans: What Homeowners Need to Know

Reverse mortgage loans were introduced in 1961, and Home Equity Conversion Mortgages (HECM) have been insured by the Federal Housing Administration (FHA) since 1990. Over the years, they’ve evolved into one of the most well-developed loan products in the mortgage industry and can be a...