Reverse Fortunes Weekly Podcast Episode #207 A “new” reverse mortgage borrower has emerged, and Reverse Fortunes’ latest podcast talks about just what that borrower is looking for, in light of recent comments made during a congressional hearing on the FHA’s reverse mortgage program. Additionally, Reverse Fortunes’ Shannon Hicks discusses potential changes to loan officer compensation [...]

From Department of Housing and Urban Development officials to financial planners and new industry participants, close to 200 reverse mortgage professionals gathered last week in Irvine, California for the National Reverse Mortgage Lenders Association’s Western Regional Meeting. Some discussion focused on the “reshuffling” of lenders and originators as well as the opportunity recent change has [...]

The reverse mortgage industry stated its intentions in the Qualified Residential Mortgage conversation during a Congressional hearing last week. While FHA reverse mortgages have not been included in the potential definitions released thus far, industry representatives urged Congress to consider including private reverse mortgages among loans that will be exempt from new risk retention requirements.  [...]

In case you missed it… here’s what happened in reverse mortgage news this week.  A Congressional hearing took a close look at reverse mortgages. A hearing before a House Financial Services subcommittee included testimony from NRMLA, Generation Mortgage, reverse mortgage counseling agencies, academics and AARP. Not too many surprises, but AARP did urge Congress to [...]

Reverse mortgage market potential is on the rise, says a study released Thursday. Senior home equity increased by $30 billion in the fourth quarter of 2011, reaching a total level of $3.22 trillion. The near-1% increase was due to increases in home values and a a decline in housing debt overall, according to Risk Span [...]

Lenders and investors from across the country as well as New York City gathered last week to discuss reverse mortgage industry topics including a first-ever securitization forum devoted to the secondary market for reverse mortgage loans. The introduction of the securitization portion of the conference drew investors and HMBS traders to discuss issues such as [...]