The NRMLA/RiskSpan Reverse Mortgage Market Index shows another impressive quarterly increase, as well as positive year-over-year data.
Steven Sless and Christina Harmes Hika of PRMI discuss the intricacies of changing companies in the reverse mortgage business, and some of the challenges in training forward originators to do reverse business.
Highlighting many different ways a retiree can convert their home equity into cash, Kiplinger tackles the topic of reverse mortgages for retirees.
Some of the things keeping reverse mortgage participation low could include too much debt among seniors, and the lack of varying loan options like the HECM Saver according to an article at MarketWatch.
Both the wholesale and retail segments of the reverse mortgage business saw increases in January 2021, though the way was led by wholesale according to data from Reverse Market Insight.
Preparing for retirement can extend to tapping home equity, and making alterations to the property among other things, according to finance columnist Liz Weston.
FHA has handed down long-awaited guidance to the reverse mortgage industry, moving away from the LIBOR index and adopting the industry-preferred SOFR index.
The CFPB has published a newly-updated resource guide for reverse mortgage borrowers, designed to inform them of loan obligations and options if they need help.
The New York Office of the Attorney General (OAG) announced a settlement with the reverse mortgage servicing division of Nationstar Mortgage, over allegedly failing to provide proper notices and information to reverse mortgage borrowers that would help them avoid default or foreclosure.
Finance of America Reverse (FAR) announced on Tuesday the hiring of Mary-Alice Cárdenas as a reverse mortgage consultant, citing the additional market demand created by difficult retirement conditions including the COVID-19 pandemic as key in focusing on expanding its product availability to key areas of the country. Based in the San Francisco Bay Area, Cárdenas […]