As the industry continues to adapt to a new landscape of lower principal limit factors, reverse mortgage experts say it’s key to remember why most borrowers pursue the products in the first place — and how those motives have changed amid greater education and positive news coverage. Traditionally, homeowners take out reverse mortgages to gain […]
Category: Live Well Financial
Prepayment speeds for Home Equity Conversion Mortgage-backed securities (HMBS) are slowing down in the first half of 2018, potentially signaling growing stability on the secondary market. The St. Johns, Fla.-based Baseline Reverse tracks the conditional prepayment rate (CPR) for each HMBS issued on the marketplace, with a slower speed indicating a more attractive product for […]
In light of the weakened state of the reverse mortgage market, Live Well Financial has begun rapidly expanding its forward mortgage operations. The Virginia-based lender has maintained a forward channel since its inception in 2005, but its focus has largely been on reverse mortgages, which have historically comprised 80% of Live Well’s business. Bruce Barnes, […]
Reverse mortgages may be getting a positive reception in press outlets and the financial planning community, but there are still some myths and questions that remain among prospective borrowers. A webinar panel hosted by the National Reverse Mortgage Lenders Association and Next Avenue — an information outlet for individuals 55 and over — aimed to […]
The sample size is small, but a new set of data shows that demand for reverse mortgages among younger borrowers may be declining under the new principal limit factor structure. Of the 2,910 Home Equity Conversion Mortgages funded in January and pooled in February, loans originated under the 2017-era PLFs accounted for 1,345, according to […]
Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) saw lower production of new pools in January, but the market is still at a higher point than it was the same time last year. HMBS issuers generated $657 million in new production last month, according to the most recent numbers from Baseline Reverse. That’s a drop […]
Some familiar names finished 2017 atop the Home Equity Conversion Mortgage-backed securities (HMBS) leaderboard, and a newcomer claimed the sixth spot in its first year in the marketplace. American Advisors Group issued 233 loan pools for a total of $2.3 billion in 2017, taking the crown with 21.9% market share according to the most recent […]
Live Well Financial, Ocwen, and American Advisors Group topped the list of “best” Home Equity Conversion Mortgage-backed securities (HMBS) for the fourth quarter of 2017. The new list, from the St. Johns, Fla.-based analysis firm Baseline, tracks the conditional prepayment rate (CPR) — or the speed at which the loan’s principal balance is paid off […]
Recent changes to the reverse mortgage program that reduce principal limits will likely force lenders to drop margins in order to stay in the game. Some say rates have already fallen and that they expect the trend to continue as lenders work to capture market share in an increasingly competitive environment. Sherry Apanay, chief sales […]
Reverse mortgage endorsements dropped 6.7% between August and September, as the industry continues to await the surge associated with the rollout of new principal limit factors. Home Equity Conversion Mortgage originators — including those approved by the Federal Housing Administration and their non-approved countarparts — turned in 4,591 loans in September, according to the most […]
