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 […]

Frustrated by regulations that can slow the Home Equity Conversion Mortgage for Purchase program, one Iowa lender decided to employ a unique end-around to help borrowers buy a new-construction home with a reverse mortgage. Fidelity Bank, based in West Des Moines, Iowa, announced the completion of a “forward” home equity line of credit-to-HECM purchase transaction […]

Moody’s issued its annual commentary on Finance of America Reverse, assigning the Tulsa, Okla.-based lender the middle of its five ratings. FAR received an “average” rating for its jumbo reverse mortgage offerings, based on a variety of criteria. For instance, FAR earned “above average” marks for property valuation, based on the company’s two required appraisals […]

Looking to capitalize on its connections in the forward mortgage world, a Texas-based lender this month announced the launch of its new reverse mortgage division. The Plano, Texas-based Starkey Mortgage originated its first Home Equity Conversion Mortgage about three months ago, according to new reverse mortgage division head Ken Witte, but only publicized the launch […]