It’s been a common story in the world of Home Equity Conversion Mortgage-backed securities (HMBS) in recent months: Strong production was once again balanced out by significant levels of prepayments. HMBS issuers created 92 new loan pools in August with a total value of $913 million, according to the most recent data from industry analysts […]

The Consumer Financial Protection Bureau made waves a few weeks back by advising against using reverse mortgages to delay Social Security payments, a relatively new strategy gaining traction in the financial-planning industry.  Multiple sources weighed in on the potential flaws with the CFPB’s reasoning, and last week blogger and Home Equity Conversion Mortgage advocate Jack […]

After several months of declines, reverse mortgage lenders rebounded in August, turning in a 15.8% increase in endorsements over the previous month. Federal Housing Administration-approved lenders turned in 4,927 Home Equity Conversion Mortgage endorsements in August 2017, according to the most recent data from Reverse Market Insight. That number represents a significant bounce from the […]

The Consumer Financial Protection Bureau on Thursday announced that it would ease certain mandatory reporting requirements for issuers of home equity lines of credit — including Home Equity Conversion Mortgages. Beginning January 1, 2018, financial institutions that have originated 500 home equity lines will be required to submit certain information about borrowers to the CFPB […]

Home Equity Conversion Mortgage lenders have endorsed 29,072 loans through the end of June 2017, an increase of 18.0% from the same time last year — continuing an overall upward trend despite month-to-month declines. After a slow January and February, endorsements have now outpaced their 2016 figures for the fourth consecutive month, according to the […]

Earlier this week, a quick recap of a Forbes article about retirement risk — one in which the author claimed that reverse mortgages are products of “last resort” — generated some lively discussion in the Reverse Mortgage Daily comment section. The thrust of the Forbes article was that Home Equity Conversion Mortgages are one form […]

Much of retirement planning is predicated on household wealth — which, in the United States and especially among members of the Greatest Generation and baby-boom cohorts, has traditionally meant money controlled by married couples. But a new study suggests that long-term changes in behavior, even among boomers, could signal that it’s time to separate the […]