Reverse mortgage technology platform ReverseVision today announced that it has restructured its technology service plans and pricing matrix in an effort to streamline the entry of lenders into the reverse mortgage business space, while further aligning its offerings with a broader mission of allowing more adequate service to senior customers who use FHA lending programs. […]
Homeowners aged 62 and older saw their collective housing wealth increase in Q3 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $121 billion to a record of $7.82 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The […]
Thank you once again to Reverse Mortgage Daily’s dedicated base of readers for giving us a great start to our new year of coverage over the past couple of weeks! As a reminder, RMD and Aging Media Network will be closed on Monday, January 18 in observance of Martin Luther King Jr. Day. Our normal […]
Though the onset of the COVID-19 coronavirus pandemic caused a great deal of turbulence and uncertainty in different parts of the reverse mortgage business, indications from lenders, brokers and originators signify that the economic situation created by the unique moment created additional interest in the reverse mortgage product category. For the new year, that has […]
A new initiative in New York City which aims to convert vacant or distressed properties into homes for area families specifically cites homes with reverse mortgages as a part of its effort, aimed at expanding the inventory of homes in the lower New York region. The new program, called the Vacant Important Properties (VIP) Initiative, […]
The reverse mortgage division of Mutual of Omaha Mortgage has announced the launch of a mobile application (or app) specifically designed to serve potential reverse mortgage borrowers seeking either a Home Equity Conversion Mortgage (HECM), or a HECM for Purchase (H4P) transaction. The app features tools for a potential borrower to begin getting a reverse […]
Fairway Independent Mortgage Corporation announced on Tuesday that it has hired Kirby Bradley as its new Chief Content Officer, who has been charged with the task of creating content for the lender across multimedia to communicate the products and services it provides. Bradley spent over 20 years of his career at premium cable network Home […]
Wholesale and correspondent mortgage lender and servicer Home Point Capital, Inc. filed for an initial public offering (IPO) through an S-1 with the Securities and Exchange Commission (SEC) late last week, the latest mortgage entity aiming to become publicly traded on the New York Stock Exchange (NYSE). Home Point, which owns an equity interest in […]
Reverse mortgage professionals who find themselves regularly interacting with potential or actual borrowers must take the extra step of ensuring as much accuracy in their presentations as possible. Any proverbial “wiggle room” that exists in something that is related by loan originators or other professionals has the chance to be misconstrued by a borrower, so […]
Americans in the demographic cohort known as “Generation X,” signifying those born between approximately 1961 and 1980, are displaying larger signs of anxiety related to their finances than the baby boomer generation. This is according to the 2020 Workplace Benefits Report by Bank of America, and cited by retirement media website NextAvenue. “[The survey] found […]
