In a new TV series, the iconic hero Superman moves back to the town he grew up in, and finds that his adoptive mother has taken out a reverse mortgage.
Category: Commentary
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 […]
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 […]
While the sheer amount of cacophonous noise has enveloped the American political landscape even more than usual as citizens prepare to cast – or drop off – their ballots, the reverse mortgage industry will take notice. Obviously whomever is the victor in this year’s presidential election will have the power to shape the industry for […]
Think about the ways in which you accomplish many of the daily tasks you have, particularly when it comes to personal finance. If you’re an RMD reader, then you likely remember a time of transition between needing to pay your bills by traditional mail, before becoming more aware of burgeoning online opportunities to do everything […]
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 […]
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 […]
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 […]
A lack of seasoned pools led to lower issuance of Home Equity Conversion Mortgage-backed securities (HMBS) in November compared to the previous month, according to the latest commentary from New View Advisors. HMBS issuance totaled approximately $718 million in November—the fourth lowest monthly dollar volume this year—which was down from October’s total of $832 million. […]
Through the first nine months of 2016, HREMIC issuance was nearly $7.7 billion, exceeding last year’s volume—a previous record—of $6.5 billion during this same period, according to the latest market commentary from New View Advisors. With three-quarters of the year already in the books, the industry remains on pace to set its second consecutive annual […]
