CFPB warns about dangers of taking out a reverse mortgage to delay Social Security

The Consumer Financial Protection Bureau issued a warning to seniors this week, cautioning them that taking out a reverse mortgage in order to delay claiming Social Security benefits could be a financially harmful decision. In its report, the CFPB said it investigated this practice and found that the costs and risks of obtaining a reverse… Continue reading CFPB warns about dangers of taking out a reverse mortgage to delay Social Security

Investing in the future: Blend raises $100 million in series D funding

Blend announced it raised $100 million in Series D funding, marking its second round of funding for the year. And now thanks to its mortgage success, which includes working with Wells Fargo and Movement Mortgage, the company revealed that it doesn’t want to stop at just mortgages. Here’s what the CEO says he sees for… Continue reading Investing in the future: Blend raises $100 million in series D funding

Everything you need to know about Fannie, Freddie appraisal-free purchase mortgages

Fannie Mae and Freddie Mac both announced they are expanding their appraisal-free mortgage programs to the purchase market. But what does that mean? Who qualifies? Are the GSEs looking to eliminate the need for appraisers in the origination process? In an exclusive interview with HousingWire, the GSEs tell everything you need to know about their… Continue reading Everything you need to know about Fannie, Freddie appraisal-free purchase mortgages