Reverse mortgages could be a long-term care option: Kiplinger

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to perso
Read MoreIllinois homebuyer files commission lawsuit against @properties

With four commission lawsuits in play, Illinois currently holds the title for the most commission lawsuits in one state. In addition to the long running Moehrl commission lawsuit, as well as the Batton 1 and Batton 2 suits, the Prairie State is now home to the Tuccori suit, filed in early December 2
Read MoreMortgage Educators and Compliance acquired by 360training

360training.com, Inc. (360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week.Established in 1997, 360 specializes in comprehensive online training solutions for individuals and businesses
Read MoreHome-equity lending blossomed in 2023

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%.The popularity of home equity lines of credit (HELOCs) and closed-end
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