HUD and FHA have reiterated the importance of mortgage servicers in both the reverse and forward spaces to communicate available relief options for borrowers impacted by the pandemic.
Former CFPB Director Kathleen Kraninger has landed a new position with a company focused on the growing global cryptocurrency marketplace.
Breaking out retail and wholesale reverse mortgage endorsement volume from May 2021, it’s clear that the retail side was dominant in a new data release from Reverse Market Insight (RMI).
The NRMLA/RiskSpan Reverse Mortgage Market Index shows another impressive quarterly increase, crossing the threshold of $9 trillion in collective senior housing wealth for the very first time.
A senior FHA official described to an audience of reverse mortgage professionals how the recently-passed American Rescue Plan will impact senior borrowers, and optimism surrounding FHA’s ongoing work with reverse mortgage practitioners and stakeholders.
A new study published in JAMA reveals that health care costs have become America’s largest source of debt, based on data from the period immediately preceding the COVID-19 coronavirus pandemic.
Financial advisers can sometimes cite out-of-date information when it comes to regulations they feel can restrict them from discussing reverse mortgages, but a reverse mortgage expert and longtime educator explains two common misconceptions advisers have about some of these regulations.
The Federal Housing Administration has issued new updates to the Single Family Housing Policy Handbook 4000.1, including in sections with direct relevance to the reverse mortgage industry.
Reverse Mortgage Funding is taking a new approach to borrower qualification for its proprietary Equity Elite products, in an aim to enhance the experience for both the borrower and the originator.
An editorial at MarketWatch describes what the consideration of a reverse mortgage could mean for a senior borrower in retirement, in part citing CFPB research criticized by a retirement researcher and the industry’s trade association.