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IRS stipulation could have consequences for seniors in a declining stock market

June 16, 2025 by bp56691
Required minimum distributions are taxed as income and “can be painful when retirees have to sell assets in a falling market.”
Categories HWmember, Internal Revenue Service, New York Times, Retirement, Reverse, Social Security, Stock Market, Tax

Elevated mortgage rates aren’t discouraging homebuyers

June 14, 2025 by bp56691
Elevated mortgage rates aren’t discouraging homebuyers
Housing demand continues to hold up despite elevated mortgage rates, trade war uncertainty and terrible consumer confidence data.
Categories Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications

Seattle housing market wrestles with crippling affordability concerns

June 13, 2025 by bp56691
Seattle housing market wrestles with crippling affordability concerns
Seattle is wrestling with a problem that is more acute than all but a handful of metropolitan areas — crippling affordability issues.
Categories Affordability, Altos, Data & Visuals, Housing Market, HWmember, Property Tax, Seattle, Tax, Washington

Comfortable city living usually requires a six-figure salary

June 13, 2025 by bp56691
Nine of the top 10 cities where homeowners need the highest incomes are located on the West Coast or in the Pacific region.
Categories Affordability, California, GOBankingRates, Homeownership, Housing Market, HWmember, Renters

Americans are divided over housing impacts of immigration, tariffs

June 13, 2025 by bp56691
Opinions fell mainly along party lines, with Republicans having a rosier view of tariffs and new immigration policies than Democrats.
Categories Affordability, Donald Trump, Homebuilders, Housing Market, HWmember, Politics, Redfin, Tariffs

In Chicago, a reverse mortgage scammer left a lasting scar

June 13, 2025 by bp56691
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
Categories Chicago, HECM, Home Equity, HUD, HWmember, Illinois, Reverse

Judge sets trial timeline for Mutual of Omaha and Longbridge

June 12, 2025 by bp56691
A new court filing offers insight into when the reverse mortgage advertising lawsuit will land in front of a jury.
Categories California, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse

Logan Finance launches new product suite for non-QM borrowers

June 12, 2025 by bp56691
The launch comes at a time when traditional underwriting is struggling to meet a rapidly evolving borrower landscape, the company said.
Categories HWmember, International buyers, Lenders, Mortgage, Non-QM, Origination, Real Estate Investing, Underwriting

Aging in place increasingly embraced by independent senior living companies

June 12, 2025 by bp56691
Independent living organizations tell a senior housing outlet that aging in place is key to fulfilling evolving customer preferences.
Categories Aging in Place, HWmember, Reverse

Century 21 expands yet again — this time in Northern California

June 12, 2025 by bp56691
The affiliation with Kobetz Realty expands the Century 21 brand presence in Mendocino County, California, and the surrounding region.
Categories Brokerage, California, Century 21, HWmember, Real Estate
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