To close out Reverse Mortgage Daily’s industry coverage in 2020, we took a look at the top stories of the year that garnered the highest readership based on our internal data. To begin the new year, we also took a look at four key trends that the reverse mortgage industry should keep an eye out […]
The Board of Directors for the National Reverse Mortgage Lenders Association (NRMLA) has elected its co-chairs to serve in the 2020-2021 term. Scott Norman of Finance of America Reverse (FAR) and Mike Kent of Liberty Reverse Mortgage were unanimously elected. Norman was first elected to NRMLA’s board in 2012, and serves as FAR’s VP of […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 1.9% in the month of September 2020, for a total of 3,923 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]
The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) continues to stand at a negative capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances released late last week. However, its negative value over the past year has been almost entirely diminished, sitting […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 6% in the month of August 2020, for a total of 4,007 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]
Home Equity Conversion Mortgage (HECM) for Purchase (H4P), a transaction in which a reverse mortgage can be used to fund the purchase of a new home, represents only a small share of the full activity of the larger reverse mortgage business, a figure pegged at 6.7% according to 2019 HMDA data. However, two lenders who […]
Home Equity Conversion Mortgage (HECM) endorsements rose by 1.2%% in the month of July 2020, for a total of 4,254 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The rise comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]
Google will be implementing new targeting restrictions for its ads, preventing customers on its platform from targeting based on certain demographic factors including age. This is based on a communication that the tech giant distributed to users of its advertising platform, which was obtained by RMD. One of the newly-implemented restrictions involves targeting ads based […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 5.9% to 4,007 loans for the month of August 2020, a slight dip on the August numbers but still a high figure overall in emphasizing that the reverse mortgage business remains on strong footing during the COVID-19 coronavirus pandemic. This is according to the August HECM Lenders […]
The Federal Reserve will be instituting a major shift in its posture toward achieving economic stability, maximum employment and manageable inflation according to a Thursday announcement by Chairman Jerome Powell. This signals an approach that could mean the Fed will no longer raise interest rates in its efforts to keep the unemployment rate low, and […]
