Top 10 Reverse Mortgage Lenders Reshuffle in 2019

While the reverse mortgage industry has seen its share of change, the top-10 lenders by volume has remained relatively unchanged over the last year. Yet the lender rankings within the top 10 have shifted, to present a top-10 in October 2019 that looks different in some ways from the same tabulation a year earlier. RankCompany […]

Reverse Mortgage Endorsements Get ‘Sugar Rush’ in October

Home Equity Conversion Mortgage (HECM) endorsements rose by 36.2% to 3,296 loans for the month of October 2019, a boon to the activity observed over the last couple of months with all major regions and the majority of the top 10 lenders recording increases in activity. This is according to the October HECM Lenders report […]

RMD Report: How TV Ads Help Spread the Word for Reverse Mortgages

After American Advisors Group (AAG) released its latest television commercials in July and August, respectively, the reverse mortgage industry was buzzing with activity. After sharing the July Home Equity Conversion Mortgage (HECM)-focused ad on social media, originators, brokers, counselors and more seemed to see actor Tom Selleck not just as a spokesman for AAG, but […]

AAG, Longbridge Take Top Spots for Reverse Mortgage Securities Issuance

American Advisors Group (AAG) has retained its leading position as the top issuer of Home Equity Conversion Mortgage-backed securities (HMBS) in Q3 2019, with $1.38 billion of issuance leading to 23% of market share. This is according to publicly available GNMA data and private sources compiled by New View Advisors. The top five issuers are […]

Reverse Mortgage Endorsements Record Slight Uptick in September

Home Equity Conversion Mortgage (HECM) endorsements rose by 3.4% to 2,420 loans for the month of September 2019, a lagging figure that has led to a second consecutive month of relatively low endorsement activity in the reverse mortgage marketplace. This is according to the September HECM Lenders report compiled by Reverse Market Insight (RMI). The […]

Newest AAG Ad Features Selleck Talking Jumbo Reverse Mortgages

On the heels of its last advertising production featuring a new direction in messaging with spokesman Tom Selleck, American Advisors Group (AAG) on Monday released a new ad aimed this time at touting its proprietary reverse mortgage offering known as “AAG Advantage” also led by Selleck. The new ad — titled “Change” — is aimed […]

RMD Report: Reverse Mortgage Industry Sees Big Potential in New Condo Rule

The Department of Housing and Urban Development (HUD) announced earlier this month a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified first time homebuyers as well as seniors looking to age in place, allowing those seniors to engage in reverse mortgage loans for single condominium units. While HUD […]

Updated: FHA Eases Condo Rules, Expanding Reverse Mortgage Market

Through a new rule announced Wednesday, the Federal Housing Administration (FHA) is making it easier for condo owners to get reverse mortgages and other FHA financing. The FHA published a final regulation and policy implementation guidance this week establishing a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified […]

AAG Survey Defines ‘Dream Retirement’ Among Age Groups, Genders

In retirement, baby boomers look forward to spending more time with their families while Gen Xers and millennials aspire to travel after completing work. This is according to the results of the Dream Retirement Survey, a multi-generational nationwide poll designed to gauge different views on retirement that vary by generational and gender divides, conducted by […]