Lenders Aim to Make Private Reverse Mortgages Available in More States

Private alternatives to the government-insured Home Equity Conversion Mortgage (HECM) are becoming more popular — particularly for people with high-value properties — and have been seen by some in the reverse mortgage industry as a possible factor that could save the business from generally reduced volume, and the still-felt impact of October 2017’s changes to […]

RMD Report: What Originators Want From New Proprietary Reverse Mortgages

The emergence of new, proprietary offerings in the reverse mortgage market has been seen by originators and business observers as a general boon to the larger industry. Certain firms recently shared with RMD that, in the case of proprietary “jumbo” loans that are outside the purview of Federal Housing Administration (FHA) oversight, they’ve seen a […]

PBS’ Baby Boomer-centric Website Spotlights Proprietary Reverse Mortgages

For baby boomers with highly valued properties, the new swath of proprietary reverse mortgage offerings may be something to take a closer look at. This is according to a new spotlight for those proprietary loans found on NextAvenue, a website aimed at the baby boomer generation owned and operated by the Public Broadcasting Service (PBS). […]

Live Well Targets Growth Through New Technology, Forward-Reverse Approach

Live Well Financial is expanding its business with the evolution of an in-house technology platform that caters to a forward-reverse approach, and targets its distributed retail channel. While the company has been originating forward and reverse mortgages for some time, it is now ramping up its efforts toward distributed retail sales with originators who will […]

A Deeper Look into Canadian Reverse Mortgage Growth

Demand for reverse mortgages in Canada continues to grow, presenting a stark contrast to the declining volume exhibited in the American reverse mortgage market. On top of specific product differences in the Canadian product, there’s also a different business climate over the northern border that accounts for some of the differences between the two nations’ […]

FAR Views HomeSafe Select Changes as ‘Net Positive’

Finance of America Reverse (FAR) has eliminated a feature of its HomeSafe Select proprietary reverse mortgage, RMD has learned, in addition to several product changes rolled out in December. The changes were made in response to feedback from borrowers, investors and partners, and are seen by the company as “net positive.” The changes, announced last […]

Inside Reverse Mortgage Alternatives: Figure Home Advantage

Last November, Figure Technologies announced the availability of a new sale leaseback offering as an alternative method of home equity tapping when compared to a reverse mortgage. It also makes plain that it seeks to compete with reverse mortgage offerings, since navigating to the product’s dedicated page on Figure’s website immediately greets visitors with a […]

Government Shutdown’s Reverse Mortgage Impact, Big and Small

The partial shutdown of the United States federal government that is currently in effect has become the longest one in history, ending its 31st consecutive day on Monday and having widespread ramifications for over 800,000 federal workers and dozens of federal agencies. While direct ramifications to the production of reverse mortgage business have been minimal […]

Inside Reverse Mortgage Alternatives: QuantmRE

The leadership team behind a new equity release product made available at the end of 2018 understands that it is competing with standard home equity conversion products like reverse mortgages, but also say that the increasing prevalence of tools dedicated to tapping home equity is helpful in educating prospective customers about ways in which they […]

New Home Equity Tapping Tools Not Seen as Threat to Reverse Mortgages

Alternative home equity tapping products are largely seen by reverse mortgage originators and an industry observer as uncompetitive with the product, according to outreach conducted by RMD. The concept of allowing equity-rich and cash-poor homeowners to tap the value in their homes in order to gain access to additional cash has been growing beyond more […]