Lack of Warehouse Funding Hurts Reverse Mortgage Sector

Growth in the reverse mortgage sector requires warehouse funding, which has gone virtually AWOL during the past 15 months of worldwide economic contraction. Warehouse lenders provide liquidity by allowing lenders to temporarily fund mortgages at the closing table. But, estimates indicate a severe drop in the number of warehouse lines – down from nearly 115 […]

Mortgage Bankers Tech Conference in Vegas, Will You Be There?

Reverse Mortgage Daily will be in Vegas next week for the Mortgage Bankers Association’s Annual Tech Conference.  On Monday, I’ll be moderating the panel on Technology for Growing a Reverse Mortgage Operation.  We will discuss how to position your company for growth, the criteria for technology providers, and why it’s important for constant improvement. The […]

Viva Las Vegas, Reverse Mortgage Daily Is Coming

Reverse Mortgage Daily will be in Las Vegas, NV for the Mortgage Bankers Association’s National Mortgage Technology in Banking Conference and Expo.  I will be moderating the “Technology for Growing a Reverse Mortgage Operations” on Monday March 16th at the Mandalay Bay Resort and Casino.  The panelists for the session include: Kevin Gherardi – Chief […]

Reverse Mortgage Conference Considerations in 2009 – Forecasting the “Whether”

While the Mortgage Bankers Association and Source Media (publishers of National Mortgage News, among other industry titles) continue to either plan or seriously consider reverse mortgage-themed conferences for 2009, the sector’s best-known entity, the National Reverse Mortgage Lenders Association, is re-structuring its own event plans for the year. Unlike 2008, when NRMLA hosted two regional […]

New Ginnie Mae President Comments on Reverse Mortgage Program

The November, 2008 issue of Mortgage Banking Magazine features an interview with Ginnie Mae’s new president Joseph Murin.  Journalist Robert Stowe England sat down with Murin a few months after being sworn in by HUD Secretary Steve Preston and they touch on a range of topics including reverse mortgages.  During the interview, Murin discusses his […]

MBA Launches Reverse Mortgage Resource Center

Earlier this week, the Mortgage Bankers Association launched their new Reverse Mortgage Resource Center (RMRC).  According to the website, the RMRC is designed to be your one location for the latest information on the growing reverse mortgage market.  When the MBA announced it was forming its task force in October, they said they would establish […]

How Much Money Do Mortgage Associations Spend Lobbying?

With election day right around the corner, I thought I’d pass along an interesting site I came across called Open Secrets.  According to its website, Open Secrets is a nonpartisan guide to see money’s influence on U.S. elections and how it impacts public policy.  Since most of us are paying for at least one mortgage […]

Mortgage Bankers Association Forms Reverse Mortgage Task Force

The Reverse Mortgage Report (RMR) just published that the Mortgage Bankers Association is forming a 15 member task force to help establish standards for the reverse mortgage business.  The task force will be lead by former MBA Chairwoman Regina Lowrie, who is the CEO of Vision Mortgage Capital of Pennsylvania. According to Lowrie and MBA […]