High property taxes in Maine? Mayor says to ‘consider a reverse mortgage’

The mayor of South Portland, Maine, recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage. This is according to local report

Could mortgage rates end the year below 6%?

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis poi

Invitation Homes to settle FTC claims of unfair rental practices for $48M

Invitation Homes, the largest owner of U.S. single-family rental homes, has agreed to pay $48 million to consumers and change some of its practices, according to a proposed settlement with the Federal Trade Commission (FTC) that was announced Tuesday. According to the FTC, Invitation Homes advertise

Howard Hanna denied in effort to dismiss Davis homebuyer commission suit

Less than a week after an amended complaint added a slew of new plaintiffs to the Davis homebuyer commission lawsuit, the judge overseeing the case has denied defendant Hanna Holdings’ motion to dismiss or transfer the suit. Judge Wendy Beetlestone of the U.S. District Court for the Eastern District