NPR podcast takes a closer look at reverse mortgages

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of Nationa
Read MoreLegacy Group Capital acquires home equity investment fintech Rook Capital

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital, a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not
Read MoreRemaining Batton defendants look to have suit dismissed

Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed. The Batton suit consists of two separate lawsuits filed by the same homebuyer plaintiffs, alleging that the National Association of
Read MoreAs inflation heats up, mortgage rates also rise

Mortgage rates posted a big jump last week after Wednesday’s release of a higher-than-expected inflation report. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.24% on Tuesday, up from 7.16% one week earlier. That’s roughly 40 basis
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