RMD Outlook Webinar on January 30th

The reverse mortgage market is no stranger to change, but recent program adjustments and market factors are leading lenders and other stakeholders to seek a “new normal.” As the industry faces the future, join the conversation with Reverse Mortgage Daily and industry leaders. This webinar panel will discuss the current operating environment for reverse mortgage […]

Texas Counts 10 Years Without a Reverse Mortgage Enforcement Action

The state of Texas was decidedly late to the Home Equity Conversion Mortgage game, but at least by one metric, the patience and deliberation appears to have paid off. The Lone Star State’s Department of Savings & Mortgage Lending found no enforcement actions against reverse mortgage originators in the state over the last 10 years, […]

Reverse Mortgage Assistance Program Gains Traction

The initial results of a pilot program aimed at assisting seniors with mortgage services — including reverse mortgage borrowers in danger of foreclosure — indicate a growing use of these resources in areas across the nation. Launched last year by non-profit organization HOPE NOW, the pilot includes several full-day events in California that offer reverse […]

Why California Could Soon See a Reverse Mortgage Surge

Huntington Beach, Calif. — While reverse mortgage loan volume slid across the U.S. in recent years, California has long been home to the greatest number of reverse mortgage endorsements relative to the other 49 states. Now, based on market factors, there could be reason to project even more volume in the coming years.    This […]

Friday Round-Up: HUD Reveals Final Rule Plans, Positive Media Coverage

It’s the end of a busy week in the reverse mortgage world, one that saw  the two-day National Reverse Mortgage Lenders Association’s eastern regional conference in New York City and a flurry of popular-media stories about Home Equity Conversion Mortgages. RMD’s coverage of NRMLA topped the list of most-read stories this week, with readers turning […]

How the Reverse Mortgage Industry Can Adapt to Higher Interest Rates

NEW YORK — In a time of increasing interest rates, reverse mortgage brokers and lenders have a wide variety of options to thwart the potential negative effects — and potentially take advantage of certain benefits that arise as the federal funds rate rises. Craig Barnes of Reverse Mortgage Funding on Tuesday presented a series of […]

Trump’s HUD Unlikely to Stop Final Rule for Reverse Mortgages

NEW YORK — Citing sources in the Department of Housing and Urban Development, National Reverse Mortgage Lenders Association president and CEO Peter Bell said the industry organization is “comfortable on the direction” of the coming rule changes to the reverse mortgage program. Toward the end of his opening remarks to the audience at NRMLA’s eastern conference […]

“Gray Divorce” on the Rise in America, Says Pew

Divorce among the 50-and-over set remains relatively uncommon according to a new survey from the Pew Research Center, but the rate of splits in that age group is rising faster than all others. At first blush, the numbers seem shocking: Divorce rates more than doubled among Americans aged 50 and older between 1990 and 2015, […]

NRMLA Eastern Conference to Focus on Women, Industry Change

This year’s National Reverse Mortgage Lenders Association Eastern Regional Meeting and Expo will focus on the winds of change swirling around the reverse mortgage industry, from regulatory uncertainty to a growing focus on women as potential borrowers. The event, which kicks off at the Intercontinental New York Times Square Hotel on April 3 and runs […]

Reverse Mortgage Industry Celebrates Giving Back

During the National Reverse Mortgage Lenders Association annual conference in New Orleans in early November, reverse mortgage lenders gathered for two important opportunities to give back through service both to the local community in New Orleans and to seniors through the Wish of a Lifetime Foundation. Community One, a public service division of Security One Lending […]