Even for seniors with impeccable credit scores and plenty stored in assets, purchasing or refinancing a home in retirement without regular employment income can be a challenge, a recent column in the Washington Post says. In his column “Even retirees with sizable assets can find qualifying for a mortgage challenging,” Kenneth Harney writes that retired […]

The first offering of its kind since the financial crisis, Waterfall Asset Management is offering $571.8 million in performing jumbo reverse mortgage-backed bonds, according to Kroll Bond Rating Agency. The Cascade Funding Mortgage Trust 2018-RM2 securitization is backed by 915 active non-FHA reverse mortgages loans that were taken out between 2002 and 2008 and have […]

For anyone planning on being in the reverse mortgage industry for at least the next five years, marketing experts say the value of social media — especially Facebook – cannot be overlooked, as millions of seniors flock to the platform for pertinent information. But approaching social media as a starting point for lead generation requires […]

New proprietary reverse mortgage products are on the horizon as innovators look to fill remaining gaps left between the Home Equity Conversion Mortgage and other private products. At a panel discussion Monday at the National Reverse Mortgage Lenders Association annual conference in San Diego, Longbridge Financial CEO Chris Mayer, Reverse Mortgage Funding president David Peskin, […]

Carrying a mortgage into a retirement can present a number of concerns for homeowners, so many experts recommend paying off this debt during the working years. This isn’t always possible though, and experts in a recent NerdWallet article that was republished by USA Today, offered ways to help mortgage-carrying retirees. In the article “Why you […]

Compared to older generations, baby boomers are facing retirement with more debt, smaller savings accounts, and less home equity, a new report from the Stanford Center on Longevity reveals. The center recently released its special report “Seeing Our Way to Financial Security in the Age of Increased Longevity.” This work is part of the Sightlines […]

With home equity continuing to increase and a need for more debt consolidation tools, home equity lending is poised for strong growth in the coming years, a new TransUnion study revealed today. To make the most of this growth lenders must understand specific consumers’ needs to tailor their messages, the study “Emerging Opportunities in Home […]