The introduction of Financial Assessment regulations in 2015 brought new challenges to the reverse mortgage industry, instituting an extra set of steps for potential borrowers and putting a dent in origination numbers. But based on pre- and post-FA data, the now two-year-old regulation appears to be achieving the Federal Housing Administration’s goals of reducing defaults. […]

Earlier this week, a quick recap of a Forbes article about retirement risk — one in which the author claimed that reverse mortgages are products of “last resort” — generated some lively discussion in the Reverse Mortgage Daily comment section. The thrust of the Forbes article was that Home Equity Conversion Mortgages are one form […]

Embattled mortgage servicer Walter Investment Management Corporation (NYSE: WAC) received a second de-listing notification from the New York Stock Exchange, this time over a dwindling market capitalization. The Fort Washington, Pa.-based Walter — which services reverse mortgages through its Reverse Mortgage Solutions arm — has seen its market capitalization sit below $50 million for 30 […]

Much of retirement planning is predicated on household wealth — which, in the United States and especially among members of the Greatest Generation and baby-boom cohorts, has traditionally meant money controlled by married couples. But a new study suggests that long-term changes in behavior, even among boomers, could signal that it’s time to separate the […]

For the first time since April, Home Equity Conversion Mortgage-backed securities payouts didn’t total $1 billion, but prepayments still remain high as seasoned loans continue to hit 98% of their maximum claim amounts. HMBS prepayments totaled $971 million last month, according to the most recent data from New View Advisors, down from a record $1.07 […]

A reverse mortgage is among several tools that can be used to help minimize the damage caused by retirement income “shocks,” writes author John F. Wasik in a Forbes article published this week.  These shocks might include loss of employment, needing to assist aging parents with care costs, and divorce, among others. And the odds are […]

You don’t necessarily have to be looking for a new job or your next loan officer to enjoy our weekly jobs posting. After all, this one list shows you exactly which players are hiring in the industry and where. And of course, if you do happen to be looking to make a career move or […]