Zillow: U.S. Home Values Record First Monthly Decline Since 2012

The median home value in the United States dropped from March to April, the first monthly decline since February 2012. This is according to the April Zillow Real Estate Market Report. A typical home in the U.S. is worth $226,800 – down 0.1 percent from last month – which Zillow says is led by the […]

HECM Wholesale and Retail Channels Drop Evenly in March

Home Equity Conversion Mortgage (HECM) endorsements saw a sharp drop of 35.7 percent in March across the wholesale and retail channels, settling at 2,573 loans according to the latest data from Reverse Market Insight (RMI). The drop in those endorsements across both channels is likely indicative of a return to more stable levels on the […]

Spring Brings a Rise in Reverse Mortgage Endorsements

Home Equity Conversion Mortgage (HECM) endorsements rose by a figure of 12.7 percent to 2,901 loans for the month of April 2019. This figure is the first in several months not to be accompanied by the disruptive statistical noise generated by the 2018-19 partial federal government shutdown, according to the April HECM Lenders report compiled […]

Study: Home Equity a Major Factor in Senior Housing Affordability Crisis

By 2029, over half of the United States’ projected 14.4 million middle-income seniors (aged 75 and older) will not have sufficient financial resources to pay for specialized housing and health care needs. This is according to a study released by Health Affairs, and authored by researchers at the University of Chicago, the University of Maryland […]

Report: Social Security to Run Out of Funds in 2036

The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet […]

The Street: How a Reverse Mortgage Can Reduce Retirement Risks

Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi  and Justin Ho in a new article posted to TheStreet. “To be sure, no one product or strategy can manage or mitigate all […]

Wholesale and Retail Reverse Mortgage Channels Jump in February, Shutdown Backlog Ends

Home Equity Conversion Mortgage (HECM) endorsements saw a significant jump in February, with total endorsements rising 142.6 percent to a total of 4,000 loans, according to the latest data from Reverse Market Insight (RMI). However, the pronounced spike in endorsements across both the retail and wholesale channels is likely indicative of the remaining effects from […]

How Reverse Mortgages Can Solve Today’s Biggest Retirement Problems

The difficulty that the senior population has in finding an adequate amount of money to fund retirement is an issue that is only growing in scale, and the reverse mortgage industry needs to keep the unique hardships faced by seniors fully in mind when advising them on how best they can make ends meet. This […]

March Data Reveals New Normal For Reverse Mortgage Volume

When looking at the raw data, Home Equity Conversion Mortgage (HECM) endorsements seemed to drop sharply by a figure of 35.7 percent, to 2,573 loans for the month of March 2019. When looking more closely at the details, though, the figure is actually much closer to the average observed between December and February, according to […]

Debt Situation Grows Worse for Senior Population: Economist

Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when compared with 1989. The value of debt held […]