We have been parents for 31 years and dragged children through three primary residences. All of the homes had terrific amenities – views, schools, nearby playgrounds and neighborhood pals. The four kids are grown and gone now, but if you could find them (I am rarely able to do so) and ask where their fondest [...]

Wells Fargo announced in March it would no longer accept reverse mortgages through its broker network and yesterday it got out of the industry altogether. Wells Fargo, the nation’s largest reverse mortgage lender, was the kingpin in the industry in more ways than one. It had a 26.2 percent market share, according to the latest [...]

Mark Greene, chief executive officer at FICO, told attendees at a loan processing conference in Orlando that it would be 50 months before the foreclosure problem in this country “goes away, and that’s assuming there are no more foreclosures.” Minneapolis-based FICO provides lender analytics and measures consumer credit risk. Among its products is the FICO [...]

Seattle-based Zillow, which introduced automated home valuations known as “Zestimates” several years ago, said it has improved and expanded they way it evaluates homes, its third major overhaul since 2006. According to Stan Humphries, Zillow’s chief economist, the company’s third algorithm allows the company to evaluate 97 million homes (up from 72 million) while being [...]