Reverse Mortgage Funding is taking a new approach to borrower qualification for its proprietary Equity Elite products, in an aim to enhance the experience for both the borrower and the originator.
Reverse Mortgage Funding
Reverse Mortgage Funding (RMF) has expanded its footprint by opening a new office in Honolulu, and is now able to originate and underwrite both FHA-backed and proprietary reverse mortgage products across the state. We sit down with key personnel to discuss the significance of this move for the lender.
RMF announced that it has joined Meals on Wheels’ “Momentum Circle,” with company president David Peskin telling RMD that the impacts of the COVID-19 pandemic on seniors helped illustrate that the demographic has many remaining unmet needs.
HECM for Purchase (H4P) continues to be a “niche within a niche” in the reverse mortgage industry, so RMD caught up with representatives from major lenders and an industry analyst to try and take the temperature of how that variation is performing in 2021.
Reverse Mortgage Investment Trust CFO Tim Isgro describes how various changes handed down to the reverse mortgage program in recent years has affected the strength of the industry, and the confidence of investors.
Members of NRMLA’s executive committee offered an update for the reverse mortgage industry’s efforts to move away from the LIBOR index, and toward the preferred SOFR index for adjustable-rate reverse mortgages.
Reverse Mortgage Funding, LLC (RMF) has announced changes to its Equity Elite proprietary reverse mortgage product, specifically on the “Equity Elite Term Payment” option. Now, the Term option will have one set of rates for all terms between 2 and 10 years (or 24 and 120 months), and the required upfront draw will decrease from […]
Reverse Mortgage Funding, LLC (RMF) has announced the availability of two new, digital Social Security guides for 2021. One is designed to help consumers maximize retirement benefits, while the second aims to support planning professionals in better serving the long-term financial goals of their clients. By spearheading education on this important topic for retirees, it […]
Death is always a disruptive occurrence, and in the realm of financial planning, it can be a critical point at which surviving heirs need to make some key decisions regarding the fate of a decedent’s estate and assets. For someone who had a reverse mortgage on his or her home at the time of death, […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 9.4% in the month of November 2020, for a total of 3,390 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 […]
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