Reverse Mortgage Endorsements See September Drop, Narrowly Missing All-Time Low

A new Home Equity Conversion Mortgage (HECM) originators report published by Reverse Market Insight (RMI) describes a drop in September that “narrowly” missed out an all-time monthly low since new rule changes were handed down in October of 2017. According to the report, HECM endorsements dropped -9.9 percent to 2,874 loans in September. The report […]

California Poised to Take Center Stage in Private Reverse Mortgage Market

As new proprietary reverse mortgage products are teased and released, California sits as a prime potential market for borrowers looking for home equity-tapping options outside of the federal program. Favorable tax laws, high property values, and a large retiree population are a few reasons why jumbos could be poised to take off in the state. This […]

HighTechLending Hires Powell to Lead National Retail Sales

HighTechLending, which markets reverse mortgages under the trade name AmericanSenior, this week announced the hire of Marcus Powell as national retail sales manager. Powell, formerly of Liberty Home Equity Solutions and Security One Lending, will join the Irvine, Calif.-based HighTechLending’s new digital marketing team. “Together, we have built a robust sales and marketing engine that […]

Reverse Mortgage Volume Falls to 2005-Era Lows

Reverse mortgage volume continued on a downward trajectory in June, falling 15% relative to May endorsements, according to Reverse Market Insight. With a total tally of 2,838 Home Equity Conversion Mortgages endorsed in June, volume is at its lowest monthly level since May 2005, RMI noted in its monthly commentary. Many have speculated about the “new […]