A senior official with FHA indicated strong reverse mortgage program performance in FY 2021, and that the product has seen notable uptake even considering major constraints including the pandemic.
The reverse mortgage product is prone to a great deal of misunderstanding with the general public according to most industry observers, which has directly led to initiatives at leading industry companies that are focused on product education. However, one industry participant has a new opportunity to change reverse mortgage perceptions, this time at the government […]
The CFPB settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations.
While reverse mortgage endorsements sharply declined in August, HMBS issuance remains high and could be on track to break another full-year record.
Alternative equity tapping company Figure Technologies and mortgage lender Homebridge Financial Services have announced a merger.
Reverse mortgages in Australia have grown by five times since the government’s Pension Loans Scheme (PLS) recorded data in the 2018-2019 fiscal year.
RMD sat down with Shai Akabas, director of economic policy at the Bipartisan Policy Center (BPC), to discuss some of his perspectives on the retirement landscape, and how he feels home equity and reverse mortgages may fit into the equation for older Americans.
In observance of the Independence Day holiday in the United States, RMD will be closed on Monday, July 5 and will resume our daily email the following morning. Have a great weekend!
HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis.
The Federal Housing Administration (FHA) announced on Tuesday that certain forms of COVID-19 reverse mortgage relief will continue, and sent a bulletin to Mortgagees detailing a planned maintenance outage for FHA Connection (FHAC).