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#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.

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.

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.

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.
morehome-equity
#hecm

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.

The month in reverse mortgage rates: August 2024

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

FHA head says more housing counselors should have reverse mortgage training

Training more HUD-approved housing counselors will benefit HECM borrowers as interest rates decline, encouraging refinancing and better financial decisions.

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.

The month in reverse mortgage rates: August 2024

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

FHA head says more housing counselors should have reverse mortgage training

Training more HUD-approved housing counselors will benefit HECM borrowers as interest rates decline, encouraging refinancing and better financial decisions.
morehecm
#nrmla

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.

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.

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.

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.
from 24/7 Wall St.
2 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.

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.

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.

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.
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