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Archive for December, 2011

The Biggest Reverse Mortgage News of 2011

December 28th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

It has been an eventful year for the reverse mortgage industry. From losing lenders, fighting a battle over loan officer compensation and seeing the first-ever financial assessment for borrowers, RMD compiled the top-10 most read stories this year. Hot topics include lender exits and loan officer compensation, in order from most- to least-read. #1. February [...]


Reverse Mortgage Applications Up in November, But Barely

December 28th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

Reverse mortgage applications received by the Federal Housing Administration rose to 7,508 in November, up 2.5% from October but down 8.6% year-over-year. The increase represents the first monthly gain since August, and the lowest year-over-year decrease since June 2011, when applications declined 3.7% from their prior-year total, the FHA Housing Outlook for November shows.


Census: 65+ Group is Growing Rapidly, Oldest Group Up 30%

December 28th, 2011  |  by Elizabeth  |  published in Data, News, Reverse Mortgage

The trend toward an aging America—including for the country’s “oldest old” population—is continuing, according to Census data released Wednesday. Specifically, the 65+ senior population in the United States has outpaced the growth of all other age groups over the course of the last decade, and data further indicates that the oldest old age groups are [...]


FHA Extends Anti-Flipping Waiver, Excludes Reverse Mortgages

December 28th, 2011  |  by Elizabeth  |  published in FHA, News, Reverse Mortgage

The Federal Housing Administration announced today it has extended its temporary waiver of FHA anti-flipping regulations through 2012. The extension was first made in 2010 in an effort to continue stabilizing home values and improve conditions for areas of high foreclosure, FHA said. Home Equity Conversion Purchase Mortgages are not included under the waiver, however. [...]


Americans Still Plan to Pay off Mortgages Pre-Retirement

December 27th, 2011  |  by Elizabeth  |  published in News, Retirement, Reverse Mortgage

Running out of money is the No. 1 retirement concern for nearly a third of Americans with nearly half saying they will continue to work if unable to retire as planned. Other concerns that top the list include healthcare expenses and changes to Social Security that could reduce or delay benefits, says a study of [...]


Poll: What Was the Biggest Reverse Mortgage News This Year?

December 27th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

As 2011 comes to a close, we’re taking a look back at the biggest reverse mortgage stories this year. Vote on the story you think had the most major impact on the industry. We’ll share the results along with our own Top-10 as we count down to 2012.


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