Not many people in the reverse mortgage industry today can say that they’ve been in the business for a quarter-century without a name change. One company that can lay claim to this is Novato, Calif.-based Bay Docs, LLC and its founder, president and CEO Megen Lawler. That’s not to say that the entirety of the […]
Americans are retaining a strong desire to age in place, as opposed to moving into some kind of assisted living arrangement. 61 percent of surveyed Americans said they want to age in place at their current home, even if they have to live alone. This is according to a survey conducted by OnePoll on behalf […]
For a lot of reverse mortgage originators, the story of their careers often begins in the traditional, forward mortgage space before finding a new home in reverse. From there, paths can take a number of different routes concerning how an originator chooses to appeal to and connect with a base of borrowers, and how best […]
The Federal Housing Administration announced Thursday some newly-proposed changes to its annual lender certification in an effort to, “better align with statute and regulation” in a way that does not undermine its ability to hold lenders accountable for compliance with FHA approval and continuing eligibility requirements. The agency made its initial proposal on the matter […]
The U.S. stock market fell sharply on Wednesday in response to an “inverted yield curve.” Historically, economists have seen this as a telltale sign that an economic recession is likely to transpire. “On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial […]
In a Thursday tweet, Vermont Senator and 2020 Democratic presidential candidate Bernie Sanders advocated for his Medicare for All platform position by touting it as a solution to help older Americans age in place. The tweet attached a story from the Washington Post describing how the state of Maine appears unprepared to deal with the […]
As more and more borrowers pursue proprietary reverse mortgages in addition to traditional Home Equity Conversion Mortgages, originators need to be aware of the full reverse mortgage product landscape—or face being left behind. This complimentary webinar, sponsored by Reverse Mortgage Funding LLC and developed by RMD, will explore how reverse mortgage originators can position proprietary […]
Figure Technologies, providers of alternative home equity tapping tools including a sale leaseback offering that is competitive with traditional reverse mortgages, is poised to become a “unicorn” after its latest round of financing; a term used to describe a startup that is valued at $1 billion or more. Co-founder and CEO of Figure Technologies Mike […]
Through a new rule announced Wednesday, the Federal Housing Administration (FHA) is making it easier for condo owners to get reverse mortgages and other FHA financing. The FHA published a final regulation and policy implementation guidance this week establishing a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified […]
The United States Congress will have an abundance of newly proposed legislation to discuss when it returns from its August recess, including several proposed bills that could have a substantive impact on American retirement. Among the provisions that will need to be debated in either one or both chambers of Congress is the Secure Act, […]
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