Reverse mortgage professionals are very encouraged by recent revisions made to forms required for condo approvals, but that’s not to say that additional work to streamline the process further is out of the question.
As the health crisis related to the COVID-19 coronavirus pandemic continues, the United States is seeing higher levels of infection in the summer than the levels observed earlier in the year. As certain states have managed to get their levels of infection under control, other states including Florida, California, Washington and Texas have become new […]
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 loan originators have had to adapt to a host of new difficulties in light of the COVID-19 coronavirus pandemic, one of which being a refinement of the way they aim to connect with new borrowers and get the word out about the reverse mortgage product category. For some, the methods they’ve always used […]
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 […]
One of the advantages of a reverse mortgage product is the versatility with which it can be employed by a borrower. While the product can often be used to help ease the financial situation of a needs-based borrower who is house rich and cash poor, it can also be used by a pool of more […]
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 […]
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 […]