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Reverse Mortgage Industry News

• Homeowners have record equity and won’t touch it. Loan data explains why 
  Homeowners with locked-in low mortgage rates are refusing to tap their record equity through high-rate HELOCs, opting instead for point-of-sale installment loans for necessary renovations. This shift is transforming the home improvement industry, forcing contractors to sell based on predictable monthly payments that fit squeezed household budgets.
• Who can buy a top-20 builder now? Berkshire resets board calculus
  Berkshire Hathaway‘s planned acquisition of No. 6-ranked homebuilder Taylor Morrison begs big follow-on questions. These mostly spring from who this particular buyer is and the moment they have chosen. One way or another, these follow-up questions may prompt homebuilding leaders to revisit a core imperative many believed they had solved eons ago. For decades, the […]
• Social Security, Medicare solvency could be examined by bipartisan commission
  Rather than advancing immediate policy changes, the panel would study financial outlooks and submit recommendations for lawmakers to consider.