#reverse-mortgage tag

PA judge decides reverse mortgage gets first-priority in foreclosure dispute

The Pennsylvania Superior Court affirmed Reverse Mortgage Funding's senior lien status in a foreclosure case, emphasizing the complexities of lien priorities.

#housing-market

With a potential new rate environment coming, how will reverse mortgage lenders pivot?

Federal Reserve Chair Jerome Powell signaled a potential rate cut, which could lower mortgage rates and benefit the reverse mortgage industry.

Home inspector sees interaction with reverse mortgage industry

Older buyers express distrust toward new construction homes due to quality concerns, often preferring older properties or to stay in their current homes.

With a potential new rate environment coming, how will reverse mortgage lenders pivot?

Federal Reserve Chair Jerome Powell signaled a potential rate cut, which could lower mortgage rates and benefit the reverse mortgage industry.

Home inspector sees interaction with reverse mortgage industry

Older buyers express distrust toward new construction homes due to quality concerns, often preferring older properties or to stay in their current homes.

morehousing-market

#longbridge

Longbridge lowers minimum home value for Platinum products

Proprietary 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.

Mutual of Omaha denies Longbridge allegations, files counterclaim

Mutual of Omaha strongly refutes allegations of consumer deception in the reverse mortgage sector and asserts compliance with relevant laws.

Longbridge files to remove ads from website in case against Mutual

Websites misrepresent themselves as independent review platforms while promoting Mutual of Omaha's reverse mortgage services.

Longbridge lowers minimum home value for Platinum products

Proprietary 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.

Mutual of Omaha denies Longbridge allegations, files counterclaim

Mutual of Omaha strongly refutes allegations of consumer deception in the reverse mortgage sector and asserts compliance with relevant laws.

Longbridge files to remove ads from website in case against Mutual

Websites misrepresent themselves as independent review platforms while promoting Mutual of Omaha's reverse mortgage services.

morelongbridge

#foreclosure-prevention

Reverse mortgage servicing safeguard might help LA borrowers

New regulations aim to protect reverse mortgage borrowers in disaster areas from foreclosure.

HUD has flagged properties in disaster zones for additional approval before foreclosure actions.

D.C. relaunches program for delinquent reverse mortgage tax, insurance payments

DCHFA relaunched the ReMIT program to provide financial assistance for seniors at risk of foreclosure in Washington, D.C.

Reverse mortgage servicing safeguard might help LA borrowers

New regulations aim to protect reverse mortgage borrowers in disaster areas from foreclosure.

HUD has flagged properties in disaster zones for additional approval before foreclosure actions.

D.C. relaunches program for delinquent reverse mortgage tax, insurance payments

DCHFA relaunched the ReMIT program to provide financial assistance for seniors at risk of foreclosure in Washington, D.C.

moreforeclosure-prevention

Chicago-area contractor sentenced in reverse mortgage scam

Mark Steven Diamond was sentenced to 17 years for a scheme targeting elderly homeowners, exemplifying severe consequences for financial fraud against vulnerable populations.

#home-equity-conversion-mortgage

How reverse mortgage pros will seek to connect with clients in 2025

The reverse mortgage industry is focusing on hiring skilled salespeople and refreshing marketing strategies to connect with prospective borrowers more effectively.

Reverse mortgage educators talk credit lines, equity modeling

Misconceptions about reverse mortgage credit line impacts exist, especially regarding partial prepayments.

Rules of the Game' presentation returns to tackle reverse pros' misconceptions

Definitive statements in reverse mortgage presentations can lead to misunderstandings and legal issues, highlighting the need for nuanced communication.

The month in reverse mortgage rates: August 2024

HECM ARMs dominate the reverse mortgage market due to their flexibility, security, and borrower-friendly features.

How reverse mortgage pros will seek to connect with clients in 2025

The reverse mortgage industry is focusing on hiring skilled salespeople and refreshing marketing strategies to connect with prospective borrowers more effectively.

Reverse mortgage educators talk credit lines, equity modeling

Misconceptions about reverse mortgage credit line impacts exist, especially regarding partial prepayments.

Rules of the Game' presentation returns to tackle reverse pros' misconceptions

Definitive statements in reverse mortgage presentations can lead to misunderstandings and legal issues, highlighting the need for nuanced communication.

The month in reverse mortgage rates: August 2024

HECM ARMs dominate the reverse mortgage market due to their flexibility, security, and borrower-friendly features.

morehome-equity-conversion-mortgage

The biggest reverse mortgage opportunities in 2025

The reverse mortgage industry is poised to pursue new opportunities in 2025 through improved collaboration and outreach.

Fairway reverse division dishes out lifetime achievement award

Pete Stebbins has received a lifetime achievement award for his impactful 40-year career in the mortgage industry.

Longbridge, Mutual of Omaha attempt to settle marketing lawsuit

Mutual of Omaha is pursuing a settlement with Longbridge Financial over a lawsuit regarding marketing practices, but requires more time to respond.

#home-equity

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America reported $15 million in adjusted net income for Q3 2024, marking a successful recovery and improved operating performance.

Strategic initiatives over the past year have led to positive metrics across the board for Finance of America.

Reverse mortgage pros sound off on 2025 HECM limit

FHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Dave Ramsey warns against reverse mortgages due to high fees and risk of losing home.

Rate announces revamp of reverse mortgage division with industry veterans

Rate strengthens leadership in its reverse mortgage division to cater to older borrowers.

Jesse Allen and Greg Pahel appointed to enhance consumer-directed reverse mortgage strategies.

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Finance of America reduces interest rate on HomeSafe Second reverse mortgage and expands its availability, indicating a shift towards more accessible home equity solutions.

Reverse mortgage analysts weigh in on 2025 HECM limit

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

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America reported $15 million in adjusted net income for Q3 2024, marking a successful recovery and improved operating performance.

Strategic initiatives over the past year have led to positive metrics across the board for Finance of America.

Reverse mortgage pros sound off on 2025 HECM limit

FHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Dave Ramsey warns against reverse mortgages due to high fees and risk of losing home.

Rate announces revamp of reverse mortgage division with industry veterans

Rate strengthens leadership in its reverse mortgage division to cater to older borrowers.

Jesse Allen and Greg Pahel appointed to enhance consumer-directed reverse mortgage strategies.

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Finance of America reduces interest rate on HomeSafe Second reverse mortgage and expands its availability, indicating a shift towards more accessible home equity solutions.

Reverse mortgage analysts weigh in on 2025 HECM limit

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

morehome-equity

#hecm

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.

Rate's Jesse Allen on pushing the reverse division to the next level

Rate'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 black

The 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 lukewarm

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.

The yo-yo ride for reverse mortgage volume continued in August

The reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.

Longbridge parent lauds reverse lender's contribution in Q2

Longbridge Financial turnaround praised by Ellington executive team in Q2 earnings report.

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.

Rate's Jesse Allen on pushing the reverse division to the next level

Rate'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 black

The 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 lukewarm

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.

The yo-yo ride for reverse mortgage volume continued in August

The reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.

Longbridge parent lauds reverse lender's contribution in Q2

Longbridge Financial turnaround praised by Ellington executive team in Q2 earnings report.

morehecm

#nrmla

NRMLA conference provides a new energy,' spawns hope for industry growth

The NRMLA's 2024 Annual Meeting and Expo energized the reverse mortgage industry with networking and educational opportunities, indicating potential growth ahead.

NRMLA honors longtime service as CEO announces retirement

Peter Bell's retirement marks a pivotal change for NRMLA, initiating a new era in leadership and operations.

NRMLA elects new board members, officers for 2025 term

NRMLA has elected new board officers and co-chairs for 2024-2025, marking a significant transition in leadership for the reverse mortgage industry.

Reverse-centric Ibis Software appoints Sivori to board of directors

Robert Sivori appointed to Ibis Software's board of directors with extensive reverse mortgage industry experience.

Ibis Software provides solutions to HUD-approved HECM loan counselors and NRMLA with its online reverse mortgage calculator.

NRMLA conference provides a new energy,' spawns hope for industry growth

The NRMLA's 2024 Annual Meeting and Expo energized the reverse mortgage industry with networking and educational opportunities, indicating potential growth ahead.

NRMLA honors longtime service as CEO announces retirement

Peter Bell's retirement marks a pivotal change for NRMLA, initiating a new era in leadership and operations.

NRMLA elects new board members, officers for 2025 term

NRMLA has elected new board officers and co-chairs for 2024-2025, marking a significant transition in leadership for the reverse mortgage industry.

Reverse-centric Ibis Software appoints Sivori to board of directors

Robert Sivori appointed to Ibis Software's board of directors with extensive reverse mortgage industry experience.

Ibis Software provides solutions to HUD-approved HECM loan counselors and NRMLA with its online reverse mortgage calculator.

morenrmla

Reverse mortgage leaders praise FHA engagement, back-end improvements

The reverse mortgage industry sees positive engagement from FHA despite challenges in 2024 sales volume.

Reverse mortgage volume, HMBS issuance show little movement in September

The reverse mortgage market is beginning to respond positively to lower interest rates despite a slight decline in endorsement volumes in September.

Smartfi hires reverse marketing veteran Martin Lenoir as CMO

Smartfi Home Loans is expanding its retail reverse mortgage division under new CMO Martin Lenoir's leadership.

from24/7 Wall St.

5 months ago

I own a $5 million house in Miami - should I do a reverse mortgage for more income?

A financially stable retiree faces a dilemma maintaining a $35,000/month lifestyle due to insufficient income.

He contemplates a reverse mortgage on his Miami home for additional cash flow.

Guild's Jim Cory on the company's ambitious reverse mortgage rebrand

Guild Mortgage launched the Flex Payment Mortgage suite to modernize its reverse mortgage offerings, emphasizing flexibility and a unified branding strategy to attract consumers.

Waterfall: Reverse MSR deal with Onity showcases commitment to reverse mortgages

Onity Group to acquire reverse mortgage assets from Mortgage Assets Management, LLC, showcasing Waterfall's commitment to the reverse mortgage space.

The biggest reverse mortgage marketing moves from the first half of 2024

A unified Finance of America brand post-acquisition aims to lead the retirement conversation and showcase home equity's positive impact on customers' lives.

RMI's Lunde: Data is important but only shows part of the reverse mortgage picture

RMI data shows industry decline in activity from June 2023 to June 2024.

#reverse-mortgage#reverse-mortgage

PA judge decides reverse mortgage gets first-priority in foreclosure dispute

With a potential new rate environment coming, how will reverse mortgage lenders pivot?

Home inspector sees interaction with reverse mortgage industry

With a potential new rate environment coming, how will reverse mortgage lenders pivot?

Home inspector sees interaction with reverse mortgage industry

Longbridge lowers minimum home value for Platinum products

Mutual of Omaha denies Longbridge allegations, files counterclaim

Longbridge files to remove ads from website in case against Mutual

Longbridge lowers minimum home value for Platinum products

Mutual of Omaha denies Longbridge allegations, files counterclaim

Longbridge files to remove ads from website in case against Mutual

Reverse mortgage servicing safeguard might help LA borrowers

D.C. relaunches program for delinquent reverse mortgage tax, insurance payments

Reverse mortgage servicing safeguard might help LA borrowers

D.C. relaunches program for delinquent reverse mortgage tax, insurance payments

Chicago-area contractor sentenced in reverse mortgage scam

How reverse mortgage pros will seek to connect with clients in 2025

Reverse mortgage educators talk credit lines, equity modeling

Rules of the Game' presentation returns to tackle reverse pros' misconceptions

The month in reverse mortgage rates: August 2024

How reverse mortgage pros will seek to connect with clients in 2025

Reverse mortgage educators talk credit lines, equity modeling

Rules of the Game' presentation returns to tackle reverse pros' misconceptions

The month in reverse mortgage rates: August 2024

The biggest reverse mortgage opportunities in 2025

Fairway reverse division dishes out lifetime achievement award

Longbridge, Mutual of Omaha attempt to settle marketing lawsuit

FOA posts robust Q3 earnings as company touts product, platform changes

Reverse mortgage pros sound off on 2025 HECM limit

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Rate announces revamp of reverse mortgage division with industry veterans

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Reverse mortgage analysts weigh in on 2025 HECM limit

FOA posts robust Q3 earnings as company touts product, platform changes

Reverse mortgage pros sound off on 2025 HECM limit

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Rate announces revamp of reverse mortgage division with industry veterans

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Reverse mortgage analysts weigh in on 2025 HECM limit

Could Trump's transition delay reverse mortgage policy decisions?

Rate's Jesse Allen on pushing the reverse division to the next level

2024 MMI report: HECM remains in the black

Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm

The yo-yo ride for reverse mortgage volume continued in August

Longbridge parent lauds reverse lender's contribution in Q2

Could Trump's transition delay reverse mortgage policy decisions?

Rate's Jesse Allen on pushing the reverse division to the next level

2024 MMI report: HECM remains in the black

Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm

The yo-yo ride for reverse mortgage volume continued in August

Longbridge parent lauds reverse lender's contribution in Q2

NRMLA conference provides a new energy,' spawns hope for industry growth

NRMLA honors longtime service as CEO announces retirement

NRMLA elects new board members, officers for 2025 term

Reverse-centric Ibis Software appoints Sivori to board of directors

NRMLA conference provides a new energy,' spawns hope for industry growth

NRMLA honors longtime service as CEO announces retirement

NRMLA elects new board members, officers for 2025 term

Reverse-centric Ibis Software appoints Sivori to board of directors

Reverse mortgage leaders praise FHA engagement, back-end improvements

Reverse mortgage volume, HMBS issuance show little movement in September

Smartfi hires reverse marketing veteran Martin Lenoir as CMO

I own a $5 million house in Miami - should I do a reverse mortgage for more income?

Guild's Jim Cory on the company's ambitious reverse mortgage rebrand

Waterfall: Reverse MSR deal with Onity showcases commitment to reverse mortgages

The biggest reverse mortgage marketing moves from the first half of 2024

RMI's Lunde: Data is important but only shows part of the reverse mortgage picture

#reverse-mortgage
#reverse-mortgage