Baseline Launches Daily Reverse Mortgage Index to Track Rates, Spreads

To help reverse mortgage professionals keep tabs on the market, analytics firm Baseline Reverse last week released a daily HECM index that tracks Home Equity Conversion Mortgage bond prices. Specifically, the index reflects “real-time HECM mortgage-backed securities (bond pricing) for a basket of 2017 PLF Annual LIBOR loans,” according to the company’s website. Baseline Reverse founder […]

Product Diversification Sweeps Reverse Mortgage Industry

Reverse mortgage giant American Advisors Group’s recent announcement that it’s officially a “product-agnostic” company was sure to prick up the ears of entrepreneurial-minded reverse mortgage originators around the country, wondering what the change means for them. AAG’s new business model includes a new forward lending division and real estate brokerage. The Orange, Calif.-based firm’s reworked marketing […]

No ‘Race to the Bottom’ in Reverse Mortgage Margin Competition

When the Department of Housing and Urban Development rolled out lower principal limit factors last year, many industry-watchers predicted that reverse mortgage originators would need to begin competing fiercely on margins. While the changes have brought some increased competition, margins on adjustable-rate Home Equity Conversion Mortgages appear to be settling in the 2% range, according […]

Why Mutual of Omaha Bank Bet on Reverse Mortgages in Stormy Times

Mutual of Omaha Bank made a major move into the reverse mortgage space earlier this month with the acquisition of Synergy One Lending and its Retirement Funding Solutions brand. If the timing seemed suspect to industry watchers — with plummeting demand for the products amid lower principal limit factors — the executive in charge of […]

Reverse Mortgages Issued Under New Rules Outstrip Old, Age Gap Narrows

Reverse mortgages issued under the new, post-October 2 principal limit factor rules have surpassed those originated under the old structure, according to a new analysis from Baseline Reverse. Among the 6,339 loans securitized so far in 2018 — which includes data from January, February, and March — 3,642 were originated under the 2017 PLFs, with the remaining 2,697 […]

Despite Data, Originators See Little Change in HECM Borrower Age

Recent data indicated that fewer younger borrowers are opting for reverse mortgages, but this age shift has not been noticeable for many originators nationwide. A recent report from Baseline Reverse looked at loans funded in January and pooled in February — which consisted of both Home Equity Conversion Mortgages originated under the new, lower principal […]