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Reverse Mortgage Industry News

• Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
  Ginnie Mae admits only to core facts of the case, denying all allegations, "inferences, arguments, and legal conclusions" in the complaint.
• Prices for luxury homes soared in the first quarter 
  Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1,225,000.
• Retiring at age 65 is no longer feasible, older investors say
  Investors in the pre-retirement phase are anxious about making a transition into retirement, according to a survey from Nationwide.