Proprietary reverse mortgage products that are not reliant on the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program remain a major source of industry optimism for those within it as of the beginning of 2020. This is according to Reverse Mortgage Daily’s Outlook Survey and Report, conducted online in December 2019. The survey […]
Reverse Mortgage Daily is calling on its readers to provide insight on how the coronavirus pandemic has affected the way that reverse mortgage professionals are doing business. Periodically, RMD will aim to take the “pulse” of the current reverse mortgage business climate by asking a short series of 3-to-5 questions about current issues facing the […]
Thank you once more to Reverse Mortgage Daily’s dedicated base of readers for helping to provide a great start to 2020’s industry coverage over the past couple of months! As a reminder, RMD’s Chicago headquarters will be closed on Monday, February 17 in observance of Presidents’ Day. Our normal posting schedule and daily email will […]
The reverse mortgage industry has been forced to evolve and adapt quite a lot in recent years, particularly after a reduction to principal limit factors (PLFs) instituted by the Federal Housing Administration (FHA) in October of 2017. The industry was forced to go through a multi-faceted adjustment brought about by that disruption, but now that […]
When Reverse Mortgage Daily launched The RMD Podcast in 2019, the site did so in an attempt to provide additional context and (literal) voice to some of the biggest, most prominent issues and players in the reverse mortgage industry. The episodes that have been released thus far have had guests ranging from the most visible […]
With only days remaining until Christmas, the team here at Reverse Mortgage Daily wants to express warm wishes and happy holidays to all of our valued readers! In observance of Christmas and New Year’s Day, RMD’s Chicago headquarters will be closed from Tuesday, December 24 to Wednesday, January 1, with our normal posting schedule and […]
Reverse Mortgage Daily (RMD) is pleased to announce a first-ever event of its kind: HEQ. On June 18, 2020, HEQ will gather industry executives to the stage in Chicago to discuss the future of home equity in retirement. In a fast-paced, dynamic format, HEQ will provide unique perspectives and intimate networking opportunities – all dedicated […]
Borrowers of proprietary reverse mortgages are increasingly becoming more closely aligned with the typical profile of a Home Equity Conversion Mortgage (HECM) borrower, through two very identifiable attributes: loan amounts that are in-line with those of a more traditional HECM, and the use of a loan’s proceeds to consolidate and pay off existing debt of […]
For longtime readers of Reverse Mortgage Daily, many have participated in industry dialogue by commenting in response to articles on RMD. The success of RMD was built on community, and we appreciate that comments are an important way to support productive industry discourse. Comments were disabled for several months following a RMD website redesign earlier […]
