Live Well Financial has sold the majority of its Home Equity Conversion Mortgage-backed securities (HMBS) issuance portfolio – $4 billion worth – to Reverse Mortgage Funding, LLC (RMF), according to GNMA data cited by New View Advisors in recent commentary. The acquisition places RMF as the owner of the largest HMBS issuance portfolio industry-wide, New […]
Category: Live Well
Recent program changes and new appraisal rules have led reverse mortgage lenders to update their strategies and approaches in a consistently dynamic market. And on the the heels of major product changes implemented in late 2017, many longtime reverse mortgage players have adapted their businesses accordingly. Yet there are several challenges that remain in light […]
New reverse mortgage loan officers in search of education have their pick from a smorgasbord of on-demand training courses, including a growing number of intensive programs aimed at filling the gaps in the typical eight-hour NMLS continuing education classes. As more forward lenders look to enter the reverse marketplace as an additional revenue source, developing […]
In light of the weakened state of the reverse mortgage market, Live Well Financial has begun rapidly expanding its forward mortgage operations. The Virginia-based lender has maintained a forward channel since its inception in 2005, but its focus has largely been on reverse mortgages, which have historically comprised 80% of Live Well’s business. Bruce Barnes, […]
Reverse mortgages may be getting a positive reception in press outlets and the financial planning community, but there are still some myths and questions that remain among prospective borrowers. A webinar panel hosted by the National Reverse Mortgage Lenders Association and Next Avenue — an information outlet for individuals 55 and over — aimed to […]
The expected fallout of reverse mortgage loan volume following program changes implemented on October 2, 2017 is beginning to emerge in terms of real numbers, according to data released Tuesday by industry data and analytics firm Reverse Market Insight (RMI). With an endorsement decline of more than 17% during March, the industry saw its lowest […]
Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) saw lower production of new pools in January, but the market is still at a higher point than it was the same time last year. HMBS issuers generated $657 million in new production last month, according to the most recent numbers from Baseline Reverse. That’s a drop […]
Issuers of reverse mortgage-backed securities (HMBS) had a record end to 2017, logging the highest monthly issuance total in almost eight years. HMBS firms generated 106 loan pools for a total of $1.35 billion, outpacing $1 billion in payoffs — the first time in 15 months that issuance exceeded payouts, according to the most recent […]
Some familiar names finished 2017 atop the Home Equity Conversion Mortgage-backed securities (HMBS) leaderboard, and a newcomer claimed the sixth spot in its first year in the marketplace. American Advisors Group issued 233 loan pools for a total of $2.3 billion in 2017, taking the crown with 21.9% market share according to the most recent […]
Live Well Financial, Ocwen, and American Advisors Group topped the list of “best” Home Equity Conversion Mortgage-backed securities (HMBS) for the fourth quarter of 2017. The new list, from the St. Johns, Fla.-based analysis firm Baseline, tracks the conditional prepayment rate (CPR) — or the speed at which the loan’s principal balance is paid off […]
