When the Department of Housing and Urban Development announced lower principal limits and higher upfront mortgage insurance premiums for certain reverse mortgage borrowers, officials cited the health of the Mutual Mortgage Insurance Fund as the primary motivator. Without decisive action, HUD said, the Home Equity Conversion Mortgage program would likely need a bailout from Congress […]

Each week, we highlight the jobs available at our sister website, the Reverse Mortgage Daily Job Board — your all-in-one resource for who’s hiring in the Home Equity Conversion Mortgage industry. Today, jobs from Live Well Financial and ReverseMortgages.com join an already robust list of opportunities nationwide.

For reverse specialists looking to build a referral network, local elder law attorneys can be a smart resource. These professionals work with seniors and their families to plan for long-term care needs, often helping them navigate their future housing options. The National Association of Elder Law Attorneys (NAELA) has 4,500 members nationwide, with a searchable […]

It’s been a common story in the world of Home Equity Conversion Mortgage-backed securities (HMBS) in recent months: Strong production was once again balanced out by significant levels of prepayments. HMBS issuers created 92 new loan pools in August with a total value of $913 million, according to the most recent data from industry analysts […]

American Advisors Group is set to launch a forward mortgage division in October, according to an online job listing. “AAG is changing the nation’s view of a reverse mortgage, and now launching the forward mortgage option,” the Indeed.com posting for a “Forward Mortgage Inside Sales” position at AAG reads. “Due to this exciting launch, we […]

The Consumer Financial Protection Bureau made waves a few weeks back by advising against using reverse mortgages to delay Social Security payments, a relatively new strategy gaining traction in the financial-planning industry.  Multiple sources weighed in on the potential flaws with the CFPB’s reasoning, and last week blogger and Home Equity Conversion Mortgage advocate Jack […]

We’re entering a time of great change in the reverse mortgage industry, with the Home Equity Conversion Mortgage final rule taking effect September 19 and potentially industry-shifting updates to principal limit factors and mortgage insurance premiums set to drop on October 2. In case you’e been busy sorting out what the changes mean for your […]