This year Open Mortgage celebrates 15 years in business, and a big part of that milestone is the people behind it. We are honored to introduce you to various members of our work family in this special series. Today’s post recognizes Regina Park, an Operations Manager in our Austin office who’s worked with Open Mortgage […]
Open Mortgage is committed to keeping all of our customers up to date on today’s reverse mortgage environment. Recently, The Department of Housing and Urban Development (HUD) announced changes to both the Reverse Mortgage Initial Principal Limit (“PL” – the amount you are able to borrow) and the Mortgage Insurance Premium (MIP). These changes have […]
June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners: Fed hikes interest rates and brightens economic outlook The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, June 14. This was the third rate hike since December. Key takeaway: the Fed […]
June 15th, 2017 | by Alex Spanko | HECM, News, Open Mortgage, Reverse Mortgage Back in 2015, when Open Mortgage first entered the wholesale reverse-mortgage marketplace, the Austin, Texas-based firm was mostly just doing a favor for one of its former employees. It all started when an employee-turned-broker provided a lead on an interested borrower, […]
AUSTIN, Texas, June 14, 2017 /PRNewswire/ — Open Mortgage LLC, a leading provider of traditional and reverse mortgages throughout the United States, announced their expanded Wholesale Program for Traditional and Reverse (HECM) Channels. “By joining the Open Mortgage Wholesale Program, partners have access to an extensive network of loan programs, training, marketing, and loan tools. These […]
With less than a month until 2017, the mortgage and housing industries are as active as ever. Here are some interesting new articles on industry trends and news: Realtor.com 2017 National Housing Forecast Realtor.com, one of the most popular online real estate websites, has released its 2017 housing forecast. The forecast provides useful predictions and […]
It’s been a busy few weeks when it comes to mortgage-related news. Here are some highlights: President-elect Trump vs Mortgage Rates You might have heard, we just had an election! President-elect Trump’s economic policies will have a powerful impact on the mortgage industry. This article analyzes some mortgage industry predictions and scenarios that could happen […]
AUSTIN, Texas, June 13, 2016 /PRNewswire/ — Open Mortgage, known in the industry for its process innovation and exceptional service, recently announced they have been approved as a seller with the Federal National Mortgage Association, commonly known as Fannie Mae. “This approval opens up new opportunities that we are very excited about,” said Scott Gordon, Open […]
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