Australian University to Study Slow Reverse Mortgage Adoption

Researchers at the University of New South Wales (UNSW) Business School in Sydney, Australia announced that they’re going to be studying behavioral and financial issues related to the reasoning behind the sluggish pace at which reverse mortgages have been adopted across that country. UNSW Senior Research Fellow Dr. Katja Hanewald and Professor Hazel Bateman will […]

Urban Institute: Panel Discusses Aging in Place, HECM Program

While a continuous stream of surveys continue to corroborate that seniors overwhelmingly prefer to age in place, making a determination about exactly the right place for them to age is a more difficult and complex issue to try and answer. This is according to a recently and privately convened panel of experts on aging and […]

Reverse Mortgage Endorsements See a Slight Drop in May

Home Equity Conversion Mortgage (HECM) endorsements dropped slightly by 7 percent to 2,697 loans for the month of May 2019, indicating remaining uncertainty in the marketplace after encouraging endorsement figures posted last month. This is according to the May HECM Lenders report compiled by Reverse Market Insight (RMI). “[This drop reinforces] the lumpiness and uncertainty […]

Urban Institute Researchers on Improving HECM Program Through Servicing Changes

Because of the high costs to the Federal Housing Administration (FHA) associated with the Home Equity Conversion Mortgage (HECM) program within the Mutual Mortgage Insurance (MMI) fund, FHA should focus on reducing costs by addressing losses on assigned loans as opposed to narrowing the program’s eligibility requirements. This is according to blog post released by […]

Report: Social Security is Steady, But Shortfalls Must Be Addressed

A government report issued in April on the financial solvency of the Social Security program painted a dire picture for the program’s future, saying that at current disbursement levels, the program would run completely out of funds by 2036. A new research brief says, however, that Social Security’s financial health has actually improved, but that […]

CBO Report Offers 4 Options for Renewed HECM Program Health

While the Home Equity Conversion Mortgage (HECM) program’s estimated 2020 impact to the federal budget deficit is seen as negligible, according to recent analysis by the Congressional Budget Office, there are several ways to shore up the ongoing impact of the program to the Federal Housing Administration, the analysis suggests. Among four suggested program modifications, […]

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 […]