While the majority of reverse mortgages originated continue to be FHA insured HECMs, regulators and legislators are voicing concerns about the need for consumer safeguards for proprietary reverse mortgage products.
During a speech earlier this month, John Dugan of the Office of the Comptroller of the Currency said, “lenders are likely to develop more attractive […]

Familiar with the doubt and misunderstanding about reverse mortgages that emanates from outside, industry insiders may be surprised at the discord fomenting within their own ranks toward the product. One major trade association executive dismisses them almost entirely. “There is not a demand for it,” asserts Kevin Cuff, executive director, Massachusetts Mortgage Bankers Association. “[Any] […]

The Mortgage Bankers Association is hosting their annual Secondary Market Conference in Chicago on April 19-22.  They will be having a session on reverse mortgages where RMD’s very own Neil Morse will be moderating Participating in Profitably in the Reverse Mortgage Market on Monday afternoon. 
The session includes some heavy hitter panelists and will […]

Growth in the reverse mortgage sector requires warehouse funding, which has gone virtually AWOL during the past 15 months of worldwide economic contraction. Warehouse lenders provide liquidity by allowing lenders to temporarily fund mortgages at the closing table. But, estimates indicate a severe drop in the number of warehouse lines - down from nearly 115 […]

Reverse Mortgage Daily will be in Vegas next week for the Mortgage Bankers Association’s Annual Tech Conference.  On Monday, I’ll be moderating the panel on Technology for Growing a Reverse Mortgage Operation.  We will discuss how to position your company for growth, the criteria for technology providers, and why it’s important for constant improvement.
The […]

Reverse Mortgage Daily will be in Las Vegas, NV for the Mortgage Bankers Association’s National Mortgage Technology in Banking Conference and Expo.  I will be moderating the “Technology for Growing a Reverse Mortgage Operations” on Monday March 16th at the Mandalay Bay Resort and Casino. 
The panelists for the session include:

Kevin Gherardi - Chief […]