Reverse mortgage applications fell 4.9% in January 2012 to 5,795 according to the latest report from the Department of Housing and Urban Development. While the number of applications fell, it’s far worse than the 18.9% decline in December 2011, which came in at 6,092. But it’s still the fifth consecutive month of application declines for [...]

Baby Boomers are more likely than younger generations to count on their family being able to use their home’s equity as income in the event that they passed away unexpectedly, according to a MetLife Mature Market Institute survey, “Multi-Generational Views on Family Financial Obligations.” All three generations, including Gen Xers and Gen Yers, believe they [...]

Further oversight or legislation surrounding the mortgage industry will be the biggest challenge to loan originators in 2012, according to Hammerhouse’s Second Annual Survey of Originator Opinions. More than half of respondents, at 51%, believe the emergence of more regulations will be a critical issue facing the mortgage industry.

Mortgage and home equity lines of credit delinquencies are expected to rise, according to predictions by bank risk professionals polled by the Professional Risk Managers’ International Association in a survey sponsored by FICO (NYSE:FICO). For the third straight quarter, risk managers don’t seem to expect delinquency rates for mortgages, home equity lines, credit cards, auto [...]

When the reverse mortgage lender pool gets shallower, the volume splash grows smaller, according to the latest Reverse Market Insight HECM Trends report. Lender consolidation has been one of the biggest trends in the past three years, and the declining loan volume is proportional to the decreasing number of lenders. Whether or not having less lenders is [...]

Senior home equity increased $46 billion in the third quarter of 2011, according to data released on Wednesday by the National Reverse Mortgage Lenders Association (NRMLA) and the RiskSpan Reverse Mortgage Market Index (RMMI). In the third quarter of 2011, senior home equity went up 1.5% to 152.0, for a total of $3.19 trillion of available [...]