Reverse Mortgage Endorsements Fall in February, Rise YTD

Reverse mortgage endorsements declined between January and February 2017, but the overall total remains up from the same span last year, according to new data from Reverse Market Insight, Inc. Through the first two months of 2017, Home Equity Conversion Mortgage originators endorsed 8,997 loans, a gain of 6.3% from the same period in 2016 […]

Retail, Wholesale Gap in Reverse Mortgage Endorsements Continues, with a Flip

Home Equity Conversion Mortgage endorsement volume in February was down 3.5% from the previous month, but the slight decline continues to mask a significant disparity between retail and wholesale growth. Retail endorsements fell 10.3% during that period, according to new data from Reverse Market Insight, Inc released yesterday., while wholesale originators saw a modest 5.4% […]

Reverse Mortgage Endorsements Spiked in March, But There’s a Catch

Reverse mortgage endorsements grew by 21% in March from the previous month, but the result could be more about timing than organic growth in demand for Home Equity Conversion Mortgages. According to data from Reverse Market Insight, Inc., lenders endorsed 5,364 loans last month, good for the second-highest monthly total notched over the last three […]

Go West, Young HECM: Reverse Mortgage Volume Grows in CO, TX, CA

Western states continue to drive reverse mortgage origination growth in the United States, according to new data from Reverse Market Insight, Inc. Month-to-month comparisons of Home Equity Conversion Mortgage endorsement growth may not necessarily reflect big-picture trends in the reverse mortgage industry, but RMI’s January regional data presents a good picture of where the industry […]

Finance Columnist Defends Reverse Mortgages, Top Lender Airs New TV Ad

Reverse Focus Weekly Podcast Episode #409 In this week’s Reverse Focus podcast, Shannon Hicks discusses a a personal finance columnist who recently defended his stance on reverse mortgages after being called “crazy” by some of his readers. In a column published by the San Antonio Express-News, personal finance commentator Scott Burns stressed that although reverse […]

Friday Round-Up: HUD Plans to ‘Mystery Shop’ Reverse Mortgage Lenders

Congratulations on making it to another Friday—the weekend is in sight! A lot has happened in the past seven days, but in case you missed it, here’s what went down in reverse mortgage news this week: HUD Plans to ‘Mystery Shop’ Lenders for Reverse Mortgage Counselor Steering—Reverse mortgage lenders may soon find themselves subject to […]

One Reverse Mortgage Takes New Focus in Latest TV Commercial

The industry’s second-largest lender, One Reverse Mortgage, recently unveiled its newest television commercial. And no, it doesn’t include The Fonz. In what appears to be a broader industrywide focus to tout the financial planning benefits of reverse mortgages, One Reverse is making an effort to educate consumers, as well as financial planners, about one of […]

Judge Rules One Reverse, Quicken Companies Violated Labor Rules

A judge last week ruled that Quicken Loans and several members of its family of companies, including top-10 reverse mortgage lender One Reverse Mortgage, violated certain provisions of the National Labor Relations Act (NLRA). On Thursday, Administrative Law Judge David Goldman ruled that Quicken Loans, along with affiliated companies One Reverse Mortgage, In-House Realty, Fathead […]