Drawing more than 500 attendees from across the country, the National Reverse Mortgage Lenders Association annual meeting and expo that took place this week in Boston presented timely topics, access to policymakers and an important decision: the industry trade group has advised its members of recommended guidance on light underwriting for tax and insurance on [...]

In case you missed it…here’s what happened in reverse mortgage news this week. RMD was at the the National Reverse Mortgage Lenders Association annual conference in Boston, where we heard from lenders, originators, government officials and many others in the industry. Here are a few of the things we learned: HECM “Limited Underwriting” guidance has [...]

Following a September hearing before the House subcommittee focused on Medicaid eligibility abuses, one ranking member probed further on the use of reverse mortgages as a way to offset Medicaid costs for those who have plenty of home equity to use toward health care expenses. The questions revealed some false ideas about reverse mortgages. In [...]

As a consumer-facing resource to help reverse mortgage borrowers as well as lenders throughout the industry, the National Reverse Mortgage Lenders Association has announced the launch of a communications campaign including new messaging and marketing materials through its website and in print. “For those of you who are tired about reading misperceptions…we have a tool [...]

Genworth Financial Home Equity Access has reintroduced adjustable rate HECM Standard and Saver product offerings, which it temporarily cut last week from its wholesale channel. GFHEA informed its wholesale partners of the change today via an email obtained by RMD. Last Wednesday, the company announced it was temporarily suspending those product offerings, “until market conditions [...]

Continuing to hire in the wake of the exits of Wells Fargo and Bank of America, many reverse mortgage lenders are looking to gain new talent in both retail and wholesale channels. Top-10 lenders as well as smaller regional lenders are hiring, with opportunities for loan officers, operations managers and underwriters. For a complete list [...]