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 […]

HECM Endorsements Jump in August, But Rule-Change Bump Still in Future

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 […]

Industry Set to Endorse 53K to 57K Reverse Mortgages in 2017

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 […]

Reverse Mortgage Endorsements Decline Again, But Show Growth at Top

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 […]

Slumping Retail Production Drags Down Reverse Mortgage Volume

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, […]

Live Well Adds John Loveless to Wholesale Division

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.  “John Loveless is a perfect fit for our […]

Live Well Releases Fixed Freedom Reverse Mortgage Product

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 Hires Former MetLife Manager to Grow Reverse Wholesale, Correspondent

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 […]