Nationwide Equities Brings EquityPower to Wholesale Partners in New York

As the latest form of expansion for Nationwide Equities’ EquityPower proprietary reverse mortgage, the Mahwah, N.J.-based lender announced this week it is making the product available via its wholesale channel in New York state. The company launched EquityPower in February 2020 and has gradually expanded its reach in recent months, including making the product available […]

Nationwide Equities Brings EquityPower Jumbo Reverse Mortgage to New York

Nationwide Equities has announced the availability of its proprietary EquityPower reverse mortgage in the state of New York. The product was approved by the state’s Department of Financial Services this week, following Nationwide Equities’ application for approval many months ago. “Now we are the second lender in the state to offer a private reverse mortgage,” […]

Unfrozen LIBOR SWAP Rate Creates Opportunities for Reverse Mortgage Lenders, Borrowers

Last week, the Intercontinental Exchange (ICE) Benchmark Administration published a new 10-year London Interbank Offered Rate (LIBOR) SWAP rate for the first time since February 27, which came in this week at an estimated 45% lower than the previously-published rate. This presents a new opportunity for reverse mortgage borrowers to get a higher level of […]

Nationwide Equities Raises Loan Limits for EquityPower Jumbo Program

While some lenders active in the proprietary reverse mortgage market have recently pared down on their jumbo loan offerings, Nationwide Equities has rolled out an expansion of its EquityPower program, now with a loan limit of $6 million. Previously, the EquityPower was available for loan amounts up to $4 million, following the product’s launch in […]

Nationwide Taps ReverseVision Private Program to Support EquityPower Launch

Reverse mortgage technology platform ReverseVision announced that Nationwide Equities launched its new proprietary reverse mortgage product, “EquityPower,” with the help of ReverseVision private program support. Due to the impacts of the COVID-19 coronavirus pandemic, Nationwide anticipates that a proprietary reverse mortgage line of business will better position them amidst rising levels of unemployment and stock […]

Nationwide Expands EquityPower Private Reverse Mortgage to Wholesale Channel

Mahwah, N.J.-based top-20 reverse mortgage lender Nationwide Equities is expanding the reach of its proprietary EquityPower reverse mortgage offering to all qualified broker partners, after a successful February roll-out to its retail division and select brokers. EquityPower is a fixed-rate, lump-sum product which allows borrowers to access greater proceeds than the traditional Home Equity Conversion […]

Coronavirus Impacts on Reverse Mortgage Operations, Meeting Clients

The outbreak of the COVID-19 coronavirus pandemic has led many who do business in the reverse mortgage sector to consider additional layers of caution for their operations in order to try and minimize the virus’ spread. For a long time, a loan originator trekking out to a prospective borrower’s home and sitting at the kitchen […]

Nationwide Equities Launches New ‘EquityPower’ Proprietary Reverse Mortgage

On the heels of a flurry of new private reverse mortgage product development, top-20 lender Nationwide Equities Corporation announced this week the introduction of its own private reverse mortgage, “EquityPower.” The fixed-rate, lump-sum product allows borrowers to access greater proceeds than the traditional Home Equity Conversion Mortgage (HECM) allows. Nationwide’s leadership sees the product’s launch […]

Why Some Reverse Lenders See Potential in Non-QM Market

Looking out for new opportunities in the wake of reduced reverse mortgage volume can lead lenders into spaces that are not often considered. While some companies are expanding their operations into forward lending, others are taking that expansion attitude one step further by dipping their proverbial toes into the waters of non-qualified mortgage (non-QM) lending. […]