A new reverse mortgage company aims to modernize the product offering for borrowers north of the border, and the founder of the organization tells RMD how he aims to accomplish that.
More perspectives about appraisal challenges are shared with RMD by reverse mortgage professionals, including regional appraisal issues regarding second appraisals.
The long-term care (LTC) needs of American retirees can vary wildly, and the cost has only accentuated the need to adequately finance either direct care or LTC insurance.
A counseling professional describes how important new funding from HUD will be in increasing capacity, and allowing reverse mortgage borrower more options to avoid default.
While the potential remains high, reverse mortgage market penetration in Australia remains even lower in its market than the American reverse mortgage business is domestically.
HUD announced that it will be holding a competitive-bid HUD-held vacant note sale on November 10, which is made up entirely of properties which were secured by reverse mortgages in which the borrower has passed away with no heir to claim the note.
AAG announced the availability of a new online borrower portal, designed to offer more convenience to a demographic which finds itself increasingly online.
HUD has announced the availability of $51 million in housing counseling funds, and specifically cites an effort to address reverse mortgage foreclosures through this action.
FHA has announced that reverse mortgage appraisals can now be submitted through its “Catalyst” software, as well as mandatory transition dates for Catalyst submissions on the forward and reverse sides.
While reverse mortgage endorsements sharply declined in August, HMBS issuance remains high and could be on track to break another full-year record.