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. […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, visit our cookie policy.
