Reverse Mortgage Capital Markets Stabilizing Post-Coronavirus Shock

Reverse mortgage capital markets were not spared from the economic impact of the COVID-19 coronavirus pandemic shortly after a national emergency was declared in the United States. However, new data on secondary market trading of Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) appears to be showing increasing signs of stability, potentially signaling that additional stability […]

How Coronavirus is Impacting Reverse Mortgage Inquiries and Meetings

Reverse mortgage professionals across the country are being inundated with a constantly-evolving situation related to the COVID-19 coronavirus pandemic. For some seniors whose retirement plans have been affected, looking at reverse mortgages has become a way to access needed cash. This is according to outreach conducted by RMD, and results of a recent Pulse Survey […]

Reverse Mortgage Industry Hopeful for Private Product Expansions

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 […]

How Has Your Business Changed Due to Coronavirus?

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 […]

Programming Note: Happy Presidents’ Day from RMD

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 […]

Despite Optimism, Reverse Mortgage Pros Still Wary of Education Hurdles

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 […]

A Look at the Top Episodes of the RMD Podcast

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 […]

Programming Note: Happy Holidays from RMD

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 […]

RMD Announces Launch of New Conference, HEQ

UPDATE: To ensure the health and safety of all attendees, HEQ — which was originally scheduled for June 18 in Chicago — will now be held September 1 and 2 in a digital format. See the original, archived event announcement below. Reverse Mortgage Daily (RMD) is pleased to announce a first-ever event of its kind: […]

Private Reverse Mortgages No Longer Limited to Jumbo Values

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 […]