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, […]
Reverse mortgage endorsements fell 6.1% between March and April, according to the latest data from Reverse Market Insight, but the research firm still sees signs of optimism amid the downward-pointing red arrows. FHA-approved Home Equity Conversion Mortgage lenders endorsed 5,036 loans last month, down from 5,364 in March — but still good enough for the […]
The reverse mortgage industry is constantly trying to educate potential borrowers on the benefits of the product using late night TV ads with famous celebrities. But there are far more companies who are on the smaller side in communities all over the country who are bringing a real respectability to the industry without all of […]
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 […]
In observance of Presidents Day, RMD will not send out a morning newsletter on Monday, February 15, but will return to our normal posting schedule Tuesday the 16th. For all the RMD readers also observing the holiday honoring our nation’s founding fathers (and even those are still making it into the office that day), us […]
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 […]
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 […]
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 […]
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 […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, visit our cookie policy.
