January Reverse Mortgage Volume Highest Since ’11

After months of waiting for evidence of a surge, reverse mortgage origination numbers set a recent record in January. Federal Housing Administration-approved reverse mortgage lenders logged 6,313 endorsements last month, making it the best month for the industry since March 2011 according to the most recent numbers from Reveres Market Insight. That’s a 32.5% growth […]

Reverse Mortgage Securities Market Sets Record in December

Issuers of reverse mortgage-backed securities (HMBS) had a record end to 2017, logging the highest monthly issuance total in almost eight years. HMBS firms generated 106 loan pools for a total of $1.35 billion, outpacing $1 billion in payoffs — the first time in 15 months that issuance exceeded payouts, according to the most recent […]

Full November Stats Show Reverse Mortgage Endorsement Surge

The full November reverse mortgage endorsement stats are out, showing the beginning of the pre-October 2 surge — but only on the retail side. Home Equity Conversion Mortgage originators generated 4,781 loans in November 2017, according to the most recent data from industry analysts Reverse Market Insight. That total includes Federal Housing Administration-approved lenders and […]

HighTechLending Targets Aggressive Growth in 2018

HighTechLending, Inc. on Tuesday announced a hire and two promotions, kicking off the new year with multiple personnel moves and a strategic shift in direction. The Irvine, Calif.-based firm — which does business as AmericanSenior — brought on Nancy Davidson, an experienced DE underwriter, to serve as vice president of reverse operations, directly in charge […]

AAG-Owned Reverse Review Magazine Ceases Publication

The Reverse Review, a reverse mortgage trade magazine most recently owned by lender American Advisors Group, has ceased publication, its editor-in-chief announced Monday. The Orange, Calif.-based AAG “has opted to sunset the publication in order to focus on new endeavors,” according to a Reverse Review release. “Over the years, we have witnessed the loan evolve […]

Reverse Mortgage Endorsements Up in 2017, Fallout Likely Coming

Reverse mortgage lenders handily beat 2016 endorsement totals last year, aided by the rush to lock in principal limit factors ahead of major changes in October, but a predicted crash is close on the horizon. Federal Housing Administration-approved lenders logged 56,912 endorsements during calendar 2017, according to the most recent data from Reverse Market Insight. […]

AAG, RMF, FAR Top List of Reverse Mortgage Securities Issuers

Some familiar names finished 2017 atop the Home Equity Conversion Mortgage-backed securities (HMBS) leaderboard, and a newcomer claimed the sixth spot in its first year in the marketplace. American Advisors Group issued 233 loan pools for a total of $2.3 billion in 2017, taking the crown with 21.9% market share according to the most recent […]

Live Well, Ocwen, AAG Among Companies with Strongest HMBS Performance

Live Well Financial, Ocwen, and American Advisors Group topped the list of “best” Home Equity Conversion Mortgage-backed securities (HMBS) for the fourth quarter of 2017. The new list, from the St. Johns, Fla.-based analysis firm Baseline, tracks the conditional prepayment rate (CPR) — or the speed at which the loan’s principal balance is paid off […]

AAG to Open New Office for Sales, Marketing Teams

American Advisors Group this week announced the opening of a new office for its sales and marketing staffs, marking its second such expansion in 2017. The Orange, Calif.-based reverse mortgage lending giant will begin leasing nearly 65,000 square feet of office space at Irvine Towers in Irvine, Calif. next spring, with the sales and marketing […]

Five Reverse Mortgage Marketing Strategies for 2018

With new reverse mortgage principal limits potentially bringing a significant drop in demand among prospective borrowers, the marketplace is set to become more competitive in 2018. And as the new year approaches, lenders and independent originators may be thinking about ways to shake up marketing plans in the coming months. Earlier this year, a pair […]