Guild announces new ‘Flex Payment Mortgage’ suite of reverse products

Guild Mortgage announced on Wednesday the introduction of a new product line called the “Flex Payment Mortgage,” which includes Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs), refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. “Guild’s F

Andy Cohen Enlists Close Friend Ryan Serhant To Sell His $14 Million West Village Wonderland

Getty Images/Realtor.com Bravo legend Andy Cohen is parting ways with his meticulously renovated New York City apartment after more than two decades of ownership—and he’s enlisted fellow reality TV star and close friend Ryan Serhant to help him find a buyer for the $14 million property. Cohen, 56, h

A $70 Million Teardown Smashes Fort Lauderdale’s Home Price Record

Realtor.com A newly renovated home is slated for demolition after selling for a record $70 million in Fort Lauderdale, Fla., according to sellers’ agent Tim Elmes of Compass. The seller is hedge funder Donald Sussman, who paid about $40 million to assemble the 2.7-acre waterfront property starting i

FHA finalizes updates to reverse mortgage debenture interest rates

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18, which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage (HECM) program claims proposed in July. The ML goes into effect on Sept. 28. Debenture interest r