Fidelity Bank of Fitchburg recently named Thomas R. Rossi vice president, home loan specialist and financial designer. He will work out of Fidelity's Fitchburg and Leominster offices. Rossi, a ...

"In the current market, you are seeing a spread in some circumstances of close to 0.75% to a full percent in interest rate differential," says Matt Ricci, a home loan specialist at Churchill Mortgage.

Mortgage lenders received 14.3 million home loan applications in 2022, which were reported under the Home Mortgage Disclosure Act (HMDA). Of those, 8.4 million resulted in loan originations.

As Lisa Gaffikin, a home loan specialist at Churchill Mortgage explains, "a reverse mortgage is intended for borrowers over age 62." ...