A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek. As part of its rec

After nearly a year of searching, iBuyer Offerpad has a new chief financial officer. The firm announced Thursday that it has pegged Peter Knag for the role, effective June 5. “I am excited to join at such a dynamic time for the company,” Knag said in a statement. “I look forward to working with the

The New York Department of Financial Services (NYDFS) announced on Thursday the publication of a policy recommendation that encourages property insurers to offer free loss-mitigation options for policyholders that would ultimately reduce premium costs. NYDFS Superintendent Adrienne Harris cited the

The median U.S. home sale price reached a record $387,600 in the four weeks ending May 19, marking a 4% year-over-year increase, according to data released Thursday by Redfin. The pricing surge comes despite a marginal dip in weekly average mortgage rates, which fell from a five-month high of 7.22%