#hecm

#hecm

Ginnie Mae's HMBS 2.0 program aims to improve liquidity and sustainability in the reverse mortgage market through new guidelines and incentives.

Ellington's net income rose significantly to $31.6 million amidst mixed performance from subsidiary Longbridge.

Top 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 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.

The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.

The NRMLA 2024 Annual Meeting and Expo will focus on key topics like HECM for Purchase and feature updates from federal housing officials.

HUD'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.

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.

HECM endorsement growth is attributed to lowering interest rates as reflected in recent data.

Tracy Milligan joins Mutual of Omaha to enhance its reverse mortgage offerings with her extensive industry experience.

HECM 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.

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

The NRMLA plans to host impactful regional meetings focusing on industry insights and cost-effective participation.

TCB's claim regarding Ginnie Mae's authority over collateral in HECM loans is disputed by the government, emphasizing whole mortgages are indivisible in HMBS.

Ginnie Mae's extinguishment power over mortgages includes HECM-backed Securities, according to Judge Kacsmaryk's ruling.

Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.