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).
One reverse mortgage leader shares how loan officers can best leverage local contacts, organizations and associations to become an indispensable reverse mortgage resource in the community, which in turn can lead to fruitful referral partnerships.
The National Reverse Mortgage Lenders Association (NRMLA) has submitted a letter to the U.S. Department of Housing and Urban Development (HUD) seeking clarification on recently-announced rules concerning non-borrowing spouses (NBS) in reverse mortgage loans.
The Texas state legislature is in the process of debating two bills that will have an impact on reverse mortgages in the state, specifically on issues related to deceptive advertising and foreclosures.
The president followed in the footsteps of his predecessors to proclaim June “National Homeownership Month,” using his proclamation to spotlight housing efforts of his administration including in a way that affects reverse mortgage borrowers.
Sun West Mortgage Company aims to expand its west coast operations with the addition of John Dickinson as reverse mortgage planner for the company.