Reverse mortgage case numbers reach two-year high pointHECM endorsements increased by 11.3% in October 2024, signaling market recovery.Case number assignments rose significantly, indicating potential future growth in loan volume.
Reverse mortgages could be practical' long-term care funding optionReverse mortgages offer flexibility in accessing home equity without the need to downsize.
Ginnie Mae releases final term sheet for HMBS 2.0Ginnie Mae's HMBS 2.0 program aims to improve liquidity and sustainability in the reverse mortgage market through new guidelines and incentives.
Is reverse mortgage momentum among financial advisers slowing?Advisers are increasingly open to reverse mortgages, but recent momentum for their use has slowed, necessitating ongoing education and discussions.
New CFPB report looks at reverse mortgage activity in 2023Top lenders dominate reverse mortgage market, comprising 88.6% of originations according to CFPB's 2023 report.CFPB data highlights focus is primarily on HECM, while proprietary mortgages are gaining traction.
Reverse educators take on more HECM misconceptionsReverse mortgage misconceptions can lead to confusion; the line of credit growth is not classified as income but as loan proceeds.Interactive education helps clarify and dispel myths in reverse mortgage presentations.
Reverse mortgage case numbers reach two-year high pointHECM endorsements increased by 11.3% in October 2024, signaling market recovery.Case number assignments rose significantly, indicating potential future growth in loan volume.
Reverse mortgages could be practical' long-term care funding optionReverse mortgages offer flexibility in accessing home equity without the need to downsize.
Ginnie Mae releases final term sheet for HMBS 2.0Ginnie Mae's HMBS 2.0 program aims to improve liquidity and sustainability in the reverse mortgage market through new guidelines and incentives.
Is reverse mortgage momentum among financial advisers slowing?Advisers are increasingly open to reverse mortgages, but recent momentum for their use has slowed, necessitating ongoing education and discussions.
New CFPB report looks at reverse mortgage activity in 2023Top lenders dominate reverse mortgage market, comprising 88.6% of originations according to CFPB's 2023 report.CFPB data highlights focus is primarily on HECM, while proprietary mortgages are gaining traction.
Reverse educators take on more HECM misconceptionsReverse mortgage misconceptions can lead to confusion; the line of credit growth is not classified as income but as loan proceeds.Interactive education helps clarify and dispel myths in reverse mortgage presentations.
Could Trump's transition delay reverse mortgage policy decisions?The reverse mortgage industry may experience delays in the implementation of HMBS 2.0 following the political transition post-2024 presidential election.
Ginnie Mae challenges TCB expert's testimony in HMBS caseTCB's claim regarding Ginnie Mae's authority over collateral in HECM loans is disputed by the government, emphasizing whole mortgages are indivisible in HMBS.
Judge rules for Ginnie Mae in Texas Capital Bank lawsuitGinnie Mae's extinguishment power over mortgages includes HECM-backed Securities, according to Judge Kacsmaryk's ruling.
Sam Valverde on Ginnie Mae's reverse activity and HMBS 2.0Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.
Could Trump's transition delay reverse mortgage policy decisions?The reverse mortgage industry may experience delays in the implementation of HMBS 2.0 following the political transition post-2024 presidential election.
Ginnie Mae challenges TCB expert's testimony in HMBS caseTCB's claim regarding Ginnie Mae's authority over collateral in HECM loans is disputed by the government, emphasizing whole mortgages are indivisible in HMBS.
Judge rules for Ginnie Mae in Texas Capital Bank lawsuitGinnie Mae's extinguishment power over mortgages includes HECM-backed Securities, according to Judge Kacsmaryk's ruling.
Sam Valverde on Ginnie Mae's reverse activity and HMBS 2.0Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.
Reverse mortgage pros sound off on 2025 HECM limitFHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.
Mutual of Omaha hires reverse mortgage vet Tracy MilliganTracy Milligan joins Mutual of Omaha to enhance its reverse mortgage offerings with her extensive industry experience.
Longbridge lowers minimum home value for Platinum productsProprietary loans may now be a viable option for some borrowers looking beyond traditional HECMs.Longbridge expects significant growth in its proprietary loan offerings amid changes in FHA regulations.
Rate's Jesse Allen on pushing the reverse division to the next levelRate's reverse mortgage division has significantly expanded, growing endorsement volume by approximately 870% year-to-date and focusing on the 55-plus demographic.
2024 MMI report: HECM remains in the blackThe FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.
Key reverse mortgage metrics saw an uptick in October even as business remains lukewarmHECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.Positive interest rates and FHA case number assignments are boosting industry performance.
Reverse mortgage pros sound off on 2025 HECM limitFHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.
Mutual of Omaha hires reverse mortgage vet Tracy MilliganTracy Milligan joins Mutual of Omaha to enhance its reverse mortgage offerings with her extensive industry experience.
Longbridge lowers minimum home value for Platinum productsProprietary loans may now be a viable option for some borrowers looking beyond traditional HECMs.Longbridge expects significant growth in its proprietary loan offerings amid changes in FHA regulations.
Rate's Jesse Allen on pushing the reverse division to the next levelRate's reverse mortgage division has significantly expanded, growing endorsement volume by approximately 870% year-to-date and focusing on the 55-plus demographic.
2024 MMI report: HECM remains in the blackThe FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.
Key reverse mortgage metrics saw an uptick in October even as business remains lukewarmHECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.Positive interest rates and FHA case number assignments are boosting industry performance.
Report suggests key HECM field office at HUD could be shut downThe potential closure of the HUD field office in Tulsa could significantly disrupt the HECM program's functionality.
HUD cancels HECM-related tech contract under direction of DOGEHUD's tool for housing counseling is canceled due to funding loss, impacting HECM counselors' operations.Counselors advised to use alternative budget tools since the HUD tool is no longer available.
Will Trump's funding scrutiny impact reverse mortgage programs?HUD's financial report indicates significant recovery in the HECM portfolio despite declining volume in FY 2024.Fiscal year 2024 saw the highest level of insurance in force for HUD programs since 2020.
Report suggests key HECM field office at HUD could be shut downThe potential closure of the HUD field office in Tulsa could significantly disrupt the HECM program's functionality.
HUD cancels HECM-related tech contract under direction of DOGEHUD's tool for housing counseling is canceled due to funding loss, impacting HECM counselors' operations.Counselors advised to use alternative budget tools since the HUD tool is no longer available.
Will Trump's funding scrutiny impact reverse mortgage programs?HUD's financial report indicates significant recovery in the HECM portfolio despite declining volume in FY 2024.Fiscal year 2024 saw the highest level of insurance in force for HUD programs since 2020.
Reverse mortgage metrics were mostly stagnant to start 2025Endorsement predictions are uncertain without recent application data, compounded by rising interest rates.Competition remains fierce among top lenders in HECM endorsements despite market fluctuations.
Reverse mortgage endorsements, securities issuance fell in FebruaryHECM endorsements decreased by 6.1% in February, reflecting a new normal in the rate environment according to industry experts.
Reverse mortgage metrics were mostly stagnant to start 2025Endorsement predictions are uncertain without recent application data, compounded by rising interest rates.Competition remains fierce among top lenders in HECM endorsements despite market fluctuations.
Reverse mortgage endorsements, securities issuance fell in FebruaryHECM endorsements decreased by 6.1% in February, reflecting a new normal in the rate environment according to industry experts.
NRMLA opposes New York reverse mortgage disclosures billThe bill aims to establish a state-level summary for HECM loans but may complicate existing disclosure rules.
CFPB warns consumers about home equity contractsHEI products present significant risks compared to HECM loans, particularly concerning their marketing and absorption of consumer costs.
NRMLA opposes New York reverse mortgage disclosures billThe bill aims to establish a state-level summary for HECM loans but may complicate existing disclosure rules.
CFPB warns consumers about home equity contractsHEI products present significant risks compared to HECM loans, particularly concerning their marketing and absorption of consumer costs.
The month in reverse mortgage rates: October 2024Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.
HECM line of credit option continues to dominate with 93% shareHECM endorsements declined in FY 2024, with the line of credit as the preferred payment option, particularly among single women borrowers.
The month in reverse mortgage rates: October 2024Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.
HECM line of credit option continues to dominate with 93% shareHECM endorsements declined in FY 2024, with the line of credit as the preferred payment option, particularly among single women borrowers.
At the Hard Rock Hotel, FHA's Gordon talks reverse mortgage observations, possible enhancementsFHA Commissioner Julia Gordon emphasizes the growing importance of the HECM program for financially unprepared seniors.
FHA finalizes updates to reverse mortgage debenture interest ratesThe FHA's ML 2024-18 updates interest rates for HECM claims and introduces a process for adjusting debenture interest payments.