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Friday Round-Up: Hottest Reverse Mortgage Markets, Top HMBS Issuers

Welcome to yet another Friday. Only a few hours stand between you and the weekend. So if you’re planning on making a last-ditch effort to cobble together a costume for this weekend’s spooky festivities, or just going to take it easy at home, before you take off check out the most popular reverse mortgage news stories grabbing the attention of RMD readers this past week:

Condo Residents Urge FHA to Ease Rules on Reverse Mortgages—Nearly one month to the date since the Federal Housing Administration proposed new rules that could make it easier for condo-dwelling seniors to obtain reverse mortgages, and with the public comment period currently underway, various stakeholders are voicing their support for the pending proposals and urging HUD to ease the burden of FHA certification for their condo associations.

Reverse Mortgage Funding Passes AAG as Top HMBS Issuer in 2016—With three quarters of 2016 now in the books, issuers of Home Equity Conversion Mortgage-backed securities (HMBS) totaled more than $6.9 billion year-to-date through September, and the rankings are in for the top HMBS issuer on the year thus far, according to the latest commentary from New View Advisors.

The Hottest, Coldest Reverse Mortgage Markets Through September 2016—National reverse mortgage volume may be trending lower in 2016 than in recent years, but now with three-quarters of the year already in the books, some markets continue showing signs of heating up while others strive to escape their year-over-year cold spells.

Tech Company Sees Rising Demand for Reverse Mortgage Video Marketing—In response to a growing number of inquiries for reverse mortgage educational resources, one content marketing company has created a series of informational videos that teach consumers about the basics of a HECM.

Reverse Mortgage Industry Gathers for Meeting of the Minds in Chicago—Next month’s annual gathering of reverse mortgage professionals will bring together the industry’s most influential lenders, researchers and policy makers to Chicago to discuss the current state of the reverse mortgage market and what lies beyond.

Written by Jason Oliva