This episode of HousingWire Daily features an interview with Chris Clow, the editor of HousingWire’s newest acquisition, Reverse Mortgage Daily. During the interview, Clow gives some background on his work at Reverse Mortgage Daily and his plans for the publication under HousingWire. Additionally, he shares some insight on the state of the reverse mortgage space and how it is faring under current market […]
RMD sat down with Shai Akabas, director of economic policy at the Bipartisan Policy Center (BPC), to discuss some of his perspectives on the retirement landscape, and how he feels home equity and reverse mortgages may fit into the equation for older Americans.
After months of vacancies after both the inauguration of President Joe Biden and the swearing-in of HUD Secretary Marcia Fudge, the Department has moved to fill several key positions as of Friday.
The Supreme Court of Florida has decided a case involving a reverse mortgage for the lender, saying that the mortgage note which failed to include a spouse as a ‘co-borrower’ will allow the lender to foreclose on the accelerated loan.
Columnist Liz Weston encourages seniors near the age of 70 to delay taking Social Security benefits until they reach that age, saying that “other resources” may be beneficial in delaying the taking of benefits. She has previously mentioned home equity as one such option.
The court-appointed trustee of Live Well Financial has filed suit in bankruptcy court against former CEO Michael Hild and several alleged co-conspirators in an effort to recoup purported damages against the now-defunct reverse mortgage lender.
The Portland, Ore. office of the Federal Bureau of Investigation (FBI) has issued a press release aimed at highlighting instances of elder financial fraud, and reverse mortgage frauds specifically as among some of the most persistent scams targeting senior citizens.
Mr. Cooper Group has announced a deal to sell its reverse mortgage servicing portfolio – under the Champion Mortgage brand – to Mortgage Assets Management, LLC, the company which recently sold Reverse Mortgage Solutions (RMS) to Ocwen Financial.
Financial columnist and CFP Bill Harris writes about how a reverse mortgage can be used by a surviving spouse navigating potentially difficult financial waters after enduring a loss.
Reverse mortgage industry performance data for new endorsement volume and securities issuance are generally strong, though a shadow of concern may be starting to develop in the trends according to analysts who spoke with RMD.