Reverse Mortgage Daily

  • Home
  • About
  • Wholesale Lenders
  • Jobs
  • Awards
  • Advertise
  • Contact
  • Data
  • Content
  • Categories
    • Alternatives
      • EquityKey
      • REX
    • American Advisors Group
    • CFPB
    • Chart of the Day
    • Commentary
    • Counseling
    • Data
    • Events
    • FHA
    • GNMA
    • Gov. Updates
    • International
    • Interview Series
    • Jumbo Products
    • Leads
    • Legislation
    • Lenders
    • Live Well
    • Marketing
    • MBA Reverse
    • Moneyhouse
    • New Category
    • New York Life
    • News
    • NRMLA
    • Podcast
    • Products
      • 1st Reverse
      • Bank of America
      • Countrywide
      • Financial Freedom
      • FNMA Homekeeper
      • Generation Mortgage
      • Gold Reverse
      • Golden Gateway
      • Guardian First
      • HECM
      • JB Nutter
      • Liberty Reverse
      • Live Well Financial
      • LLS
      • MetLife
      • Quicken
      • Reverseit
      • Seattle Mortgage
      • Security One
      • Sun West
      • Virtual Bank
      • Wells Fargo
    • Rates
    • Retirement
    • Reverse Mortgage
    • Reverse Mortgage Jobs
    • Senior Housing
    • Servicers
      • Celink
      • RMS
    • Technology
      • Bay Docs
      • Mortgage Cadence
      • Reverse Vision
    • Top HECM Lenders
    • Training
    • Video
    • Warehouse Lines
  • RSS




Archive for May, 2011

Home Prices See Double-Dip, No Relief In Sight

May 31st, 2011  |  by Alyssa  |  published in News, Reverse Mortgage

Home prices continue to plunge, and the S&P/Case-Shiller Home Price Indices show that the U.S. National Home Price Index is down 4.2% for the first quarter of 2011, “hitting a new recession low” according to the S&P press release. “This month’s report is marked by the confirmation of a double-dip in home prices across much [...]


Fannie Mae Starts to Securitize HECM Portfolio, Issues $9 Billion BofA REMIC

May 31st, 2011  |  by John  |  published in Bank of America, FNMA Homekeeper, GNMA, News, Reverse Mortgage

Fannie Mae (OTC BB: FNMA.OB ) has securitized over $9 billion of HECM reverse mortgages—a little more than 18% of its total portfolio—in one transaction. The government sponsored enterprise issued a Real Estate Mortgage Investment Conduit (REMIC) consisting of $9,255,811,613 HECM loans originated by Bank of America. A REMIC is a type of multiclass mortgage-related security in which [...]


Future of HECM Loan Limits “Under Review” says HUD

May 31st, 2011  |  by John  |  published in FHA, News, Reverse Mortgage

Unless Congress takes action, loan limits for mortgages insured by the Federal Housing Administration will likely decline in 669 of the 3,334 counties in the United States, according to an analysis brief published last week by the Department of Housing and Urban Development. After seeing the financial markets start to unravel, Congress stepped in and temporarily [...]


Senators Call for Restoration of HUD’s “Critical” Counseling Funding

May 31st, 2011  |  by Alyssa  |  published in Counseling, News, Reverse Mortgage

Four senators have drafted a letter requesting restoration of funds for the Department of Housing and Urban Development’s nonprofit housing counseling groups. The plea comes in the wake of MBA Chairman Michael D. Berman’s Congressional hearing appearance with a similar appeal. Sens. Robert Menendez (D-N.J.), Olympia Snowe (R-Maine), Jay Rockefeller (D-W.Va), and Daniel Akaka (D-HI) [...]


Reverse Mortgage Market in Australia is Poised for Growth

May 31st, 2011  |  by Elizabeth  |  published in International, News, Reverse Mortgage

The reverse mortgage market is positioned for growth in Australia, a recent study shows, with an industry group predicting that the percentage of retirees who take out a reverse mortgage is likely to increase from 2% to 5% or 10%. The growth may be based on borrowers using the loan option as an income supplement, [...]


When Do Brokers Lose to Banks? Competing for Adjustable Rate HECMs

May 30th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

In cases where a borrower is looking to obtain a reverse mortgage but decides not to withdraw any funds at closing, mortgage brokers are finding it increasingly difficult to compete with large national banks’ retail channels. Since mortgage brokers are typically compensated on adjustable rate products based on the amount of money drawn at closing, [...]


« Previous Entries

Daily news on the reverse mortgage industry delivered to your inbox.



Wholesale Lender Sponsors







Sponsors






Exclusive Training Provider







RSS Reverse Mortgage Jobs

  • Reverse Mortgage Underwriter
  • MetLife Reverse Mortgage Professionals Wanted
  • Reverse Mortgage Consultant
  • Reverse Mortgage Consultant
  • Reverse Originator
  • Loan Officer
  • Reverse Mortgage Originator Virginia
  • Reverse Mortgage Originator Maryland

Recent Articles

  • Memorial Day Round-Up: Reverse Mortgage Online Leads to Trump TV?
  • S&P Affirms, Raises Celink Rankings As Reverse Mortgage Servicer
  • Financial Planners to Reverse Mortgage Lenders: Educate Us
  • Zillow: One-Third of U.S. Mortgages Now Underwater
  • Training Reminder: Which Product is Right for the Reverse Mortgage Consumer?
  • Credit Unions See Loan Origination Record, Uptick in Mortgages
  • On Slow Climb, Gallup Finds Economic Confidence Best Since ’08

Popular Posts

  • FHA To Change Up Condo Lending Requirements?
  • First Century Bank Rolls Out Reverse Mortgage Advisor Program
  • Reverse Mortgage "Pre" Counseling Serves Some, Not All
  • Will FHA Make Way for More Private Reverse Mortgages?
  • Financial Planners to Reverse Mortgage Lenders: Educate Us


Our Sites

Long Term Care Daily

Senior Housing News

Home Health Care News


©2012 Reverse Mortgage Daily
Powered by WordPress using the Gridline Lite theme by Graph Paper Press.