HECM Problems That Can Be Solved With Proprietary Products

The increasing prevalence of proprietary reverse mortgages continues to evolve and expand, providing necessary service in under-served parts of the existing government-insured reverse mortgage program. The levels of proprietary origination should justify the consideration of folding them into more lenders’ product suites, despite lenders remaining mum on the number private of loans they are making. […]

Retirement Funding Solutions Joint Venture to Connect H4P, Active Adult Living

Active adult communities resource 55places.com has announced a joint venture with Retirement Funding Solutions (RFS) aimed to educate more seniors on methods they can use to become homeowners, including information on how to use a Home Equity Conversion Mortgage (HECM) for Purchase (H4P) transaction. These two organizations are partnering to offer an H4P product they’re […]

RMF Updates Equity Elite Product to Include Term Payment Option

Reverse Mortgage Funding announced Monday that it is rolling out updates to its Equity Elite proprietary reverse mortgage, now to include both lump sum and term disbursement options for borrowers under a fixed rate. The product expansion, which allows borrowers to choose any number of term payments from 24 to 120 months, follows a series […]

New ReverseVision Calculator Works to Normalize Reverse Mortgages

Through the launch of a new loan comparison tool announced this week, reverse mortgage software provider ReverseVision is taking aim at the way originators and borrowers view reverse mortgages in the current lending environment. A departure from traditional reverse mortgage calculators that take a sole focus on reverse mortgage product options, the calculator redefines the […]

The Best Path For Reverse Mortgages: Private vs. HECM Loans

The reverse mortgage market has long awaited the return of private products to a HECM-heavy market. Now that several products are making inroads across the lending landscape, a question arises concerning what constitutes the right balance of HECM and proprietary loans. There’s no shortage of originators who would like to see a viable private alternative […]

EasyKnock Raises $215 Million in Series A Financing

Sale leaseback company EasyKnock has raised $215 million in a series A round of financing from new and returning investors on the heels of the release of a new program. This is according to a press release circulated by the company. The new program, called “MoveAbility,” is designed to allow homeowners to leverage their equity […]

1st Reverse and Baseline Reverse Partner for ‘Game-Changing’ Pricing Engine

Top-20 reverse mortgage lender 1st Reverse Mortgage USA is introducing a new pricing engine product through a partnership with Baseline Reverse. The engine, called ‘Surelock,’ utilizes real time data from capital markets and implements it into the 1st Reverse Mortgage loan origination platform. By allowing loan officers to enter key pieces of information about a […]

Consumer Reports: Tapping Equity Could Benefit Those Unwilling to Sell

In outlining a series of possible strategies that could allow homeowners to benefit from rising home prices without actually selling their property, home equity tapping is listed as a distinct possibility – with caveats – in a piece at Consumer Reports written by Tobie Stanger. “If your home equity has gone up, you might qualify […]

How Medicare Advantage Changes Could Impact the Reverse Mortgage Market

Proposed changes to health insurance plans used by millions of Americans could have some bearing on the future of the reverse mortgage marketplace, should those changes take effect in 2020. The Centers for Medicare and Medicaid Services (CMS) announced last week that private Medicare Advantage (MA) plans will expand the scope of their coverage starting […]

Local Spotlight: Reverse Mortgages in Texas

Sure, everything is bigger in Texas. But is the state on track to becoming the largest reverse mortgage market in the country? Absolutely, says Scott Norman, vice president of field retail and government relations at Finance of America Reverse, LLC, in Austin. He predicts that Texas will lead the industry by 2030. Regional Stats: Total […]