Reverse Mortgage ‘Transformation’ Unlikely with New President

Today is Inauguration Day, marking the official beginning of the four-year term of the 46th President of the United States, Joseph R. Biden, Jr. Whether you voted for the incoming president or not, some in the reverse mortgage industry appear to be interested in the changes that the federal government under Biden’s watch could make […]

Look Out for These 4 Reverse Mortgage Industry Trends in 2021

Now that we’ve all opened presents and sang our renditions of “Auld Lang Syne,” it’s time to get back to work. The reverse mortgage industry is on the cusp of another eventful year in 2021 because of a lot of different components including changes to the Home Equity Conversion Mortgage (HECM) lending limit, a new […]

[UPDATED] Opinion: The Silver Lining in the New Endorsement Volume of This Decade

By James Veale, CPA, MBT Most sales managers, originators, and other participants in the Home Equity Conversion Mortgage industry are longing for significant validation that the sales efforts of this decade have had any meaningful results. Annual sales trends, from stagnation to horrific losses and then back to five years of what seems like neverending […]

Get Government Out of Reverse Mortgages, Commentator Says

The Department of Housing and Urban Development should not be in the business of insuring reverse mortgages, a Heritage Foundation researcher claimed in a commentary piece published Tuesday. Writing for The Daily Signal, a conservative news and commentary website founded by Heritage, John Ligon claimed that HUD’s backing of Home Equity Conversion Mortgages is a […]

Reverse Mortgage-Backed Securities Market Shrinks for First Time

The Home Equity Conversion Mortgage-backed Securities (HMBS) market shrank for the first time, as a record level of prepayments drove total outstanding HMBS to just under $55 billion, according to the latest market commentary from New View Advisors. HMBS issuers created 97 pools in December 2016, totaling $715 million, according to data compiled by New […]