Forbes: Managing Costs and Credit of a Reverse Mortgage

For prospective reverse mortgage borrowers, there are strengths and weaknesses to be found either in immediate or delayed leveraging of the line of credit, and the borrower’s decision concerning a package of costs should be a conscious part of the equation. This is according to the latest in a series of pieces at Forbes by […]

Urban Institute on HECM Program Health, MMI Fund, Second Appraisals and More

The Home Equity Conversion Mortgage (HECM) program has been experiencing difficulties in securing greater volume over the past year, particularly since changes were made to principal limit factors (PLFs) and insurance structure (MIP) in October of 2017. HECM program observers and proponents have sometimes argued that separation of the forward and reverse mortgage programs under […]

Top Opportunities in the New Era of Reverse Mortgages

The reverse mortgage industry is fully aware of the operational difficulties that extend from regulatory changes and reduced overall volume, but many in the industry also find themselves optimistic about the new kinds of opportunities there are in the current landscape of the business. This and more became clear over the course of a webinar […]

Live Well Targets Growth Through New Technology, Forward-Reverse Approach

Live Well Financial is expanding its business with the evolution of an in-house technology platform that caters to a forward-reverse approach, and targets its distributed retail channel. While the company has been originating forward and reverse mortgages for some time, it is now ramping up its efforts toward distributed retail sales with originators who will […]

Nearly 7 Million People Had LTC Insurance in 2017

6.8 million people, over 13 percent of Americans aged 65 or older, held a long-term care (LTC) insurance policy in 2017. Nationwide, across all ages, about 2 percent of the total U.S. population had an LTC policy that year, with most people who own one being at least age 50. This is according to data […]

A Deeper Look into Canadian Reverse Mortgage Growth

Demand for reverse mortgages in Canada continues to grow, presenting a stark contrast to the declining volume exhibited in the American reverse mortgage market. On top of specific product differences in the Canadian product, there’s also a different business climate over the northern border that accounts for some of the differences between the two nations’ […]

Florida Dominates List of Affordable Retirement Cities

Locations in the state of Florida dominate the list when it comes to most affordable cities for retirement, but the top spot emerges out of South Dakota, according to senior active adult community site 55places.com. They have compiled a list of the top 20 most affordable cities to live in retirement, based on a survey […]

What Reverse Mortgage Firms Can Learn from Florida Case Judgment

A recent reverse mortgage court decision in Florida could have an impact on loans in other states. The court’s determination that a loan can be called due and payable at the maturity date rather than upon the death of the borrower has the potential to drive decisions in other states, an attorney tells RMD. It […]