Housing Price Gains Continue Cooling in Metro Areas

Housing price gains continue to cool as we progress further into 2019, with year-over-year appreciation rates showing a notable drop across the country. Two of the most expensive metro areas in the country also show signs of a decreasing rate of appreciation, according to data compiled by mortgage resource HSH.com. In the 50 most populous […]

Urban Institute: Share of Homeowners With a Mortgage Drops to 13-year Low

The share of homeowners who maintain a traditional forward mortgage is at 62.9 percent, accounting for the lowest level of such homeowners since at least 2005. This is in spite of the fact that the household-owned value of the housing market in the United States is at a record high of $26.12 trillion, and that […]

Senior Living Survey: 61 Percent of Adults Want to Age in Place

Americans are retaining a strong desire to age in place, as opposed to moving into some kind of assisted living arrangement. 61 percent of surveyed Americans said they want to age in place at their current home, even if they have to live alone. This is according to a survey conducted by OnePoll on behalf […]

The Inverted Yield Curve’s Potential Effects on Reverse Mortgages

The U.S. stock market fell sharply on Wednesday in response to an “inverted yield curve.” Historically, economists have seen this as a telltale sign that an economic recession is likely to transpire. “On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial […]

AAG Survey Defines ‘Dream Retirement’ Among Age Groups, Genders

In retirement, baby boomers look forward to spending more time with their families while Gen Xers and millennials aspire to travel after completing work. This is according to the results of the Dream Retirement Survey, a multi-generational nationwide poll designed to gauge different views on retirement that vary by generational and gender divides, conducted by […]

Reverse Mortgage Endorsements Rise in July

Home Equity Conversion Mortgage (HECM) endorsements rose by 8.2 percent to 2,754 loans for the month of July 2019, with a lower 10-year SWAP interest rate and an extra day of business helping to provide a volume bump. This is according to the July HECM Lenders report compiled by Reverse Market Insight (RMI). “The additional […]

HMBS Tops $1B in July, Live Well Exits GNMA Pools

The production of new Home Equity Conversion Mortgage-backed securities (HMBS) rose in July to just over $1 billion, marking the third highest monthly total for new production this year. This is according to publicly available GNMA data and private sources compiled by New View Advisors. “Half of this month’s total issuance, the largest in 15 […]

What the Fed’s Interest Rate Cut Means for Reverse Mortgages

The Federal Reserve announced on Wednesday that for the first time since the 2008 financial crisis, it will cut interest rates in order to try and shield the U.S. economy from signs of growing volatility and a potential downturn. In terms of this move’s impact on the reverse mortgage industry, there are still some factors […]

Study Names the 5 Best Big and Small Cities for Seniors

A new study from Apartment Guide has determined the five best big and small cities, respectively, for seniors against a number of different criteria. Each location was graded by examining their population sizes, compared with the availability of certain services and facilities aimed primarily at the senior demographic. “After compiling a list of 760 cities […]

Bloomberg: Nearly 40% of U.S. Households are Free of Forward Mortgages

More Americans today find themselves living in homes that are free and clear of forward mortgage payments when compared with years past, according to U.S. Census data analyzed by Zillow (via Bloomberg). That data indicates that nearly 37 percent of American households own their homes without any remaining mortgage payment obligations. This number found itself […]