Monthly reverse mortgage endorsements continued to decline after a promising early spring, though most top-10 lenders had a reason to celebrate their performance in May. Home Equity Conversion Mortgage lenders turned in 4,851 total endorsements for the month, according to the most recent breakdown from Reverse Market Insight. That’s a dip of 3.6% from April’s […]

Reverse mortgage volume sunk deeper into its decline in April, following a 1% drop in total endorsement volume from the previous month. Except this time around, the monthly decrease was driven by a reduction in retail reverse mortgage production, recent industry data indicates. Home Equity Conversion Mortgage (HECM) endorsements fell to 4,240 loans in April, […]

Following recent announcements of its several new reverse mortgage product launches, Live Well Financial is now boosting its wholesale team with the hire of John Loveless.  Loveless, a former account executive with Generation Mortgage, joins Live Well’s wholesale division with more than 25 years of mortgage industry experience. 

Following several recent reverse mortgage product roll outs, Live Well Financial today announced another new Home Equity Conversion Mortgage Product and an open-end, fixed-rate option for borrowers.  The new product, the HECM Fixed Freedom requires no minimum draw upon loan closing, access to the full principal limit under various plan options, a set fixed rate, and an […]

Live Well Financial announced today it has hired former MetLife regional wholesale manager Patrick Fay to help growth in its reverse mortgage wholesale and correspondent lending channels. Fay, who served as eastern regional director for MetLife’s reverse mortgage wholesale and correspondent lending brings six years of reverse mortgage experience among more than 25 years in […]

Generation Mortgage announced a new 4.99% fixed rate reverse mortgage product it’s offering to both wholesale and retail customers. “We want to give senior homeowners as many alternatives as possible to enable them to stay in their house,” said Scott Peters, President and CEO, Generation Mortgage. “And with such a fragile state of our nation’s […]