Reverse Mortgage Volume Slides in September

Reverse mortgage endorsements dropped 6.7% between August and September, as the industry continues to await the surge associated with the rollout of new principal limit factors. Home Equity Conversion Mortgage originators — including those approved by the Federal Housing Administration and their non-approved countarparts — turned in 4,591 loans in September, according to the most […]

One State’s Reverse Mortgage Ad Law Has National Impact

When Oregon passed a sweeping new law to regulate reverse mortgage advertising in May, originators and lenders outside of the state could be forgiven for brushing off the news as irrelevant. But legislation in one state can have ripple effects throughout the Home Equity Conversion Mortgage landscape, and aside from also affecting multi-state lenders, Oregon’s legislation […]

Holiday Weekend Roundup: Michigan Merger, Life After the Fonz

Happy July 4 weekend from all of us at Reverse Mortgage Daily! As a reminder, we’re off both Monday, July 3 and Tuesday, July 4, returning to a regular posting schedule bright and early on Wednesday, July 5. We hope you have a happy and safe time! But before you step out the door, let’s […]