By multiple counts, the level of untapped home equity in the United States just keeps rising. A pair of reports released this month show that the recent trend continues unabated, with real estate analysis firm CoreLogic reporting a 13.3% year-over-year gain among all Americans with mortgaged homes and the National Reverse Mortgage Lenders Association finding […]

I’ll start off this piece with a disclaimer: I have only covered the reverse mortgage industry for this publication for about a year and a half. I earned a bachelor’s degree in print and multimedia journalism, not finance, from a small liberal arts college that didn’t have anything close to a math or economics department. […]

The reverse mortgage origination numbers continued their plunge in April, dropping even further than the March results as wholesale endorsements again bore the brunt of the drop. Total volume slid 22.1% in April among both Federal Housing Administration-approved lenders and non-FHA firms, according to the most recent data from Reverse Market Insight. Wholesale endorsements dropped […]

A prominent senator on Tuesday pledged to hold up the nomination of the potential new Consumer Financial Protection Bureau chief due to questions over her involvement with the ongoing immigration crisis at the southern border. Sen. Elizabeth Warren, who helped create the framework for the modern CFPB, vowed to hold up Kathy Kraninger’s confirmation process […]

Less than a week before a deadline that would have forced current Consumer Financial Protection Bureau acting director Mick Mulvaney to leave his post, President Trump formally nominated a candidate to replace him. Kathy Kraninger, who has worked under Mulvaney at the White House Office of Management and Budget, is officially Trump’s pick to lead […]

A new bill introduced by Rep. Maxine Waters on Monday would bring greater oversight to servicers of single-family home loans, in response to what the California Democrat has called “bad behavior” from players in the industry. Under the Homeowner Mortgage Servicing Fairness Act of 2018, all mortgage servicers that work with Fannie Mae and Freddie […]

Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most […]