Reverse Mortgage Originators Decide to Go Big or Stay Independent

As reverse mortgage volumes have decreased since last year’s principal limit changes, moving to a bigger lender is an attractive option for some independent originators. Mario Martirano, a 25-year industry veteran, recently made the move to American Advisors Group after feeling the current stresses of a small business owner. Although he is still getting settled, […]

Reverse Mortgage Endorsements Crater in February, Drop 17.6%

The post-October 2 hangover is here. Originators of Home Equity Conversion Mortgages — including both Federal Housing Administration-approved lenders and their non-approved counterparts — suffered a decline of 17.6% in February, according to the most recent set of numbers from Reverse Market Insight. That’s a major shift from January, which saw the effects of the […]

‘Saturday Night Live’ Cracks Joke About Reverse Mortgage Ads

“Saturday Night Live” poked fun at reverse mortgages and their advertisements last weekend, bringing up a common fear about the products for laughs. The mention came during a “Weekend Update” segment about Fox News host Laura Ingraham, whose show has been shedding sponsors after she mocked Parkland shooting survivor and gun-control advocate David Hogg on […]

RMF Rises as HMBS Issuers Prepare for Decline

Home Equity Conversion Mortgage-backed securities (HMBS) issuance remained strong in the first quarter of 2018, with Reverse Mortgage Funding taking the top position among issuers with nearly $1.1 billion in total value for the quarter. Yet the industry should prepare for a decline ahead, notes New View Advisors in its quarterly data analysis on HMBS.  […]

Reverse Mortgage Borrower Age Creeping Up Amid New Rules

The sample size is small, but a new set of data shows that demand for reverse mortgages among younger borrowers may be declining under the new principal limit factor structure. Of the 2,910 Home Equity Conversion Mortgages funded in January and pooled in February, loans originated under the 2017-era PLFs accounted for 1,345, according to […]

Reverse Mortgage Endorsements Began to Slip in December

Overall reverse mortgage endorsements slid slightly in December, driven primarily by sluggish wholesale performance.  Home Equity Conversion Mortgage originators generated 4,747 loans in the final month of 2017, according to the most recent data from Reverse Market Insight. That figure, 0.7% dip from November, includes lenders approved by the Federal Housing Administration and non-approved firms. […]