December HECM Endorsements Drop 31%, Marking New Low

Home Equity Conversion Mortgage (HECM) endorsements dropped again in December by 31.4 percent, representing a second consecutive new low in volume since the influential changes to principal limit factors (PLFs) instituted by the U.S. Department of Housing and Urban Development (HUD) in October 2017. “If the government shutdown didn’t get you down for year end, […]

Wholesale Reverse Mortgage Volume Rebounds After Dismal November

After posting one of the lowest volume totals all year this past November, the reverse mortgage wholesale channel rebounded to close 2015 on a positive note and finally put an end to its three-month streak of declines.  Reverse mortgage volume on the whole struggled in the last few months of 2015 as the everlasting impact […]

New February Reverse Mortgage Jobs Available—Apply Today!

New February Reverse Mortgage Jobs Available—Apply Today!February is finally here, so while you’re getting ready for Super Bowl preparations this weekend and Mardi Gras festivities next week, don’t forget to check out all of the available job opportunities at Reverse Mortgage Jobs Online. In this week’s listing, lenders including The Moneyhouse, Inc., Longbridge Financial, CBC […]

Reverse Mortgage Volume Off to Sluggish Start in 2016

If the reverse mortgage industry is a car, the road following the Financial Assessment has been a hilly one shaped by various peaks and valleys. But although April 27, 2015 continues to fade farther away in the rear view mirror with each passing month, the resonant impact of FA continues to drag down industry volume […]

Friday Round-Up: Lenders Bounce Back, Reverse Mortgages Need ‘Fresh Look’

In case you missed it, here’s what happened in reverse mortgage news this week: Financial Advisors Need ‘Fresh Look’ at Reverse Mortgages—Reverse mortgages have received an “undeserved bad reputation” in the past not only among seniors, but financial professionals as well. But as retirees today face longer life expectancies requiring greater financial longevity from their […]

Despite Q3 Dip, Independent Mortgage Banks Post Higher Profits Annually

On a quarterly basis, profits for independent mortgage banks were lower in the third quarter of 2015, but higher compared to last year’s reported levels, according to recent mortgage industry data. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,238 on each loan they originated in the third quarter […]

Reverse Mortgage Wholesale Volume Takes Nosedive in September

The reverse mortgage industry experienced a steep decline in Home Equity Conversion Mortgage (HECM) endorsements in September. But while only a couple lenders were able to report gains during the month, volume saw the biggest dive in the wholesale channel, according to industry data released last week. As a whole, total HECM endorsement growth fell […]