While there is still little data to show the relative success of the HECM Saver since its launch in October, a panel of lenders at the National Association of Reverse Mortgage Lenders conference in Newport Beach, Calif. provided insight as to the Saver’s strengths—and challenges. The timing for the saver, said Generation Mortgage Chairman Jeff [...]

Changes to risk retention requirements were proposed this week that would mandate a 5% capital reserve for non-government backed mortgages. Qualified Residential Mortgages, or QRMs, will be exempt from the requirements. What is a QRM, exactly? In order for a loan to qualify as a QRM, the mortgage requires a 20% down payment from the [...]

The U.S. District Court today denied NAIHP and NAMB’s motions for a temporary restraining order and preliminary injunction against the Federal Reserve’s loan officer compensation rule, to take effect on April 1. (See the Court’s decision.) NAMB said in a post on its Facebook page this afternoon: “It’s not over yet: we are filing an appeal as [...]

The National Reverse Mortgage Lenders Association has formed a strategic relationship with the Center for Retirement Research at Boston College. The Center directs research that spans the four main areas that affect a household’s retirement income: Social Security; employer-sponsored pension plans; household saving; and labor market trends among older workers. The relationship between the Center [...]

The housing picture is not pretty, according to the most recent Case-Shiller home prices data, and another study says the western states are by far the worst overall. National home prices may have appreciated 4.2% since early 2009, but the West has seen quarter-over-quarter declines (-4.5%) that could lead the region into double dip territory as [...]

When AARP decided to go after the Department of Housing and Urban Development over changes made to the HECM program, media outlets took notice. For weeks, the story was reported around the country and now that things have calmed down, the reverse mortgage industry hopes it can bring AARP and HUD together to find a [...]