Reverse mortgage endorsements jumped 15.8% between July and August, with solid gains on both the retail and wholesale sides, but it’s still too early to see the effects of the recent mortgagee letter on actual origination demand. Home Equity Conversion Mortgage originators — including those approved by the Federal Housing Administration and their non-approved counterparts […]

The number of active Home Equity Conversion Mortgage-backed securities (HMBS) issuers has hit a new record, according to the most recent data from New View Advisors. Through the first nine months of 2017, American Advisors Group led a cohort of 16 HMBS issuers as the industry remains on pace to beat 2016’s numbers: In all, […]

The Home Equity Conversion Mortgage industry is on pace to beat a disappointing 2016, with a new projected endorsement total of 53,000 to 57,000 loans through the end of the year. That would be more in line with totals seen in 2014 and 2015, according to an analysis from Reverse Market Insight. The industry suffered […]

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 […]