Liberty Parent Continues Inching Back into the Black

Ocwen Financial Corporation, parent company to reverse mortgage lender Liberty Home Equity Solutions, is beginning to see its reorganization efforts steer the company back toward financial profitability, however it endured a loss in the third quarter of 2019 that is slightly higher than the recorded loss the same time one year prior, according to financial […]

Reverse Mortgage Endorsements Get ‘Sugar Rush’ in October

Home Equity Conversion Mortgage (HECM) endorsements rose by 36.2% to 3,296 loans for the month of October 2019, a boon to the activity observed over the last couple of months with all major regions and the majority of the top 10 lenders recording increases in activity. This is according to the October HECM Lenders report […]

Brookings: Reverse Mortgages Should be More than a Niche Product

Reverse mortgage products, while unlikely to become “a pillar” of American retirement, are economically justified “to play an expanded role in helping older Americans achieve a secure livelihood.” This is according to a new research paper released by the Brookings Institution, authored by researchers Martin Baily, Benjamin Harris and Ting Wang. The paper, released last […]

55+ Market Reaches Record High, Says NAHB

Builder confidence in the single-family housing market for ages 55 and up rose one point in the Q3 2019, marking a return to its record-high reading of 72. This is according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released Thursday, and is the highest reading since the inception of […]

AARP, Researchers Diagnose Reverse Mortgage Problems and Offer Solutions

American research think tank the Brookings Institution hosted an event in Washington, D.C. Monday morning that included a wide-ranging panel discussion of reverse mortgages in America and across the world. The event also included the presentation of two research papers, diagnosing issues and prescribing potential solutions for headwinds faced by reverse mortgage products in the […]

40% of Empty Nesters Report They’re Still Paying Kids’ Expenses

Nearly 40% of surveyed “empty nesters” with an average age of 49 still support their adult children financially on a variety of expenses, including mobile phone plans, rent payments, groceries and student loans. This is according to a survey recently conducted by 55places. “While empty nesters may taste newly-found freedom, their wallets still seem to […]

Nearly 3 in 4 Americans Sometimes Feel ‘House Rich, Cash Poor’

1 in 5 American homeowners constantly feel that they are house rich and cash poor, and that their housing problems are getting worse. This is according to a new, wide-ranging and multi-generational study conducted by alternative home equity tapping company Hometap. A feeling of being “house rich and cash poor” chronically affects 1 in 5 […]

August Reverse Mortgage Endorsement Drop Led by Retail Segment

Home Equity Conversion Mortgage (HECM) endorsements fell by 15% in the month of August, for a total of 2,340 loans according to the latest data from Reverse Market Insight (RMI). The fall was slightly led by the retail endorsement segment of business, which experienced a drop of 16.7% that month, while wholesale levels recorded a […]

Aging in Place Threatened by Rising In-Home Care Costs

The costs associated with “homemaker” services – which assists older adults with tasks including cooking, cleaning, and running errands – and home health aides – who assist older adults with bathing, dressing and eating – are rising at a faster rate than nursing home care, making assistance with basic tasks more expensive. This is according […]

Harvard Study: Home Equity Will Be Critical for Aging Americans

Households with housing cost burdens have reached an all-time high, and many households led by those in the senior age demographic have failed to recover from the financial crisis that began in 2008. This has exacerbated the need for affordable and accessible housing and in-home care, and the ability to build home equity will be […]