HUD has announced the availability of $51 million in housing counseling funds, and specifically cites an effort to address reverse mortgage foreclosures through this action.
Keeping borrowers adequately educated about basic loan responsibilities is essential, according to a reverse mortgage industry education presentation at a recent trade association event.
More reverse mortgage industry professionals share their appraisal of the current boom in refinances, and how long – or short – it may be.
The National Reverse Mortgage Lenders Association (NRMLA) has decided to keep a virtual format for its Annual Meeting and Expo this November due to the spreading Delta variant of the COVID-19 coronavirus.
A reverse mortgage industry analyst discusses how the business can expand through a long-term focus and new distribution efforts, and what reverse professionals need to keep in mind about the broader mortgage market.
The importance of financial planners as reverse mortgage referral partners can be traced back to the exit of major banks from the business, and product experts discuss this and the care originators should take when engaging in certain kinds of outreach and advertising.
Industry analyst John Lunde describes for a reverse mortgage audience why reverse mortgage penetration in the broader market remains low, and how an influx of refinances may contribute to that figure.
Taking regulatory considerations into account to appraise the relationship between reverse mortgage professionals and financial planners may be important to better understand how to connect, says an industry legal professional.
The NRMLA/RiskSpan Reverse Mortgage Market Index shows another impressive quarterly increase, crossing the threshold of $9 trillion in collective senior housing wealth for the very first time.
A senior FHA official described to an audience of reverse mortgage professionals how the recently-passed American Rescue Plan will impact senior borrowers, and optimism surrounding FHA’s ongoing work with reverse mortgage practitioners and stakeholders.