Reverse Mortgage Loan Officers Report a Summer Business Bump

Reverse mortgage loan officers across the country are seeing a noticeable uptick in reverse mortgage business compared with levels observed in the summer of 2019, which many estimate to be related to a confluence of factors like the additional stress created by the COVID-19 coronavirus pandemic, along with a greater level of receptivity to the […]

Reverse Mortgage Pricing Fluctuates During Coronavirus Pandemic

Pricing for Home Equity Conversion Mortgage (HECM) loans has been fluctuating in recent days due to the effects of the COVID-19 coronavirus pandemic, with reverse mortgage brokers and originators reporting drops in both basis points and in investor activity related to the trading of bonds and other financial products. Proprietary product pricing is also reportedly […]

Tips for Tackling Closing Costs With Reverse Mortgage Borrowers

No matter the business, there are always issues that can come up when trying to close a deal. In the reverse mortgage industry these hurdles can be particularly bothersome because, as most loan originators know, consumers have access to all kinds of inaccurate information that could make them nervous about engaging in a reverse mortgage […]

Origins: Finding ‘Hope’ in Reverse Mortgages

Southern California is one of the most prolific reverse mortgage markets in the country, with high property values providing the possibility for seniors to tap into a potentially large pool of equity in order to more adequately fund a retirement. For some, a reverse mortgage can also provide a much-needed way out of serious financial […]