#reverse-mortgages

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fromwww.housingwire.com
4 days ago

Two-thirds of seniors are unhappy with Social Security checks

Seniors increasingly rely on Social Security for retirement, facing challenges with rising costs outpacing adjustments.
#finance
fromwww.housingwire.com
4 months ago
Retirement

Ellington again touts Longbridge reverse mortgage performance

Strong performance in proprietary reverse mortgage market contributes significantly to net income.
fromwww.housingwire.com
5 months ago
NYC real estate

Australia, New Zealand-based reverse pros share insights

The reverse mortgage market in Australia and New Zealand is growing, led by Heartland, which offers consumer protections similar to the U.S.
fromLondon Business News | Londonlovesbusiness.com
1 week ago

Reverse mortgages in the UK: What you need to know before applying - London Business News | Londonlovesbusiness.com

A reverse mortgage, or lifetime mortgage, allows homeowners aged 55 and over to borrow against their home's equity, requiring no monthly repayments.
Real estate
fromwww.housingwire.com
1 week ago

Mutual of Omaha expands proprietary reverse mortgage offering

SecureEquity+ offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage (HECM), available to borrowers as young as 55.
Real estate
#seniors
fromwww.housingwire.com
3 weeks ago

Reverse mortgage metrics dipped slightly in June

Mortgage rates have reached 7% following President Trump's tariff announcement, but have since fallen to 6.91%, impacting reverse mortgage activity.
Real estate
fromwww.housingwire.com
1 month ago

Longbridge's Melissa Macerato on how the latest proprietary reverse product came to be

Developing Platinum Preserve required extensive discussions, legal structuring, and a lot of thoughtful work to get it right in today's environment.
Retirement
Remodel
fromwww.housingwire.com
1 month ago

Record-high home equity is an opportunity for reverse mortgages

Total mortgage debt has fallen slightly while home equity has risen, benefiting seniors considering home remodeling and reverse mortgages.
#financial-planning
fromwww.housingwire.com
1 month ago

Global equity release market projected to top $56B by 2035

The monetization of home equity is one solution that continues to gain traction as indicated through this very important report.
Retirement
#financial-services
#home-equity
fromwww.housingwire.com
1 month ago

Fairway, Longbridge lead reverse mortgage presence at The Gathering

It's heavy on education and explaining what the product is, and how it can benefit clients that may not even think that they need a reverse mortgage, Ventura said.
Retirement
fromwww.housingwire.com
1 month ago

California wildfire assistance program includes reverse mortgages

The new housing assistance program, funded with $100 million, includes eligibility for reverse mortgage borrowers and aims to provide significant relief following disasters.
SF real estate
fromwww.housingwire.com
1 month ago

Global reverse mortgages in the news: growth, delay and launch

Equitable Bank's reverse mortgage division saw a remarkable growth of 45% year-over-year, reaching $2.5 billion CAD in volume for Q2 2025.
Canada news
fromwww.housingwire.com
1 month ago

MISMO reverse mortgage workgroup builds technology bridges

Morales emphasized the need for a shared posture of learning in the collaboration process, which greatly facilitated smooth communication between the forward and reverse mortgage sectors.
Remodel
fromwww.housingwire.com
2 months ago

New MISMO reference model includes reverse mortgages

The goal here is to open up and create standardized datasets for reverse mortgages, while basing it on traditional mortgage data, to improve comparisons.
Roam Research
fromwww.housingwire.com
2 months ago

California wildfire recovery event targeted reverse mortgage borrowers

Aimee Williams emphasizes the importance of community education in helping reverse mortgage borrowers navigate complex legal challenges.
#hecm
fromwww.housingwire.com
2 months ago

GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

We're the first loan originators in the retail space for them, and we're hoping to make an impact in it. They've been very supportive, and I'm honored to be in this next chapter with them.
SF real estate
Retirement
fromwww.housingwire.com
2 months ago

Colorado's surging median age is attributed to aging in place

Colorado's aging population is impacting reverse mortgage trends, with significant growth in residents aged 60 and older.
fromwww.housingwire.com
2 months ago

Rate's Jesse Allen on the progress of a reverse mortgage revamp

‘Most of what we’re focused on now is riding the wave daily…we’re focused on execution, getting our sales force in front of customers.’ — Jesse Allen, emphasizing the importance of execution and daily operations.
Renovation
fromwww.housingwire.com
2 months ago

Reverse mortgage LOs share appraisal challenges

The panel quickly jumped on issues they've face with appraisals as a key impediment in the closing process.
Roam Research
SF real estate
fromwww.housingwire.com
2 months ago

FOA president talks business progress amid strong Q1 earnings

FOA's A Better Way With FOA campaign redefines reverse mortgage marketing through authentic storytelling rather than celebrity endorsements.
fromwww.housingwire.com
2 months ago

Longbridge wins partial preliminary injunction against Mutual of Omaha

Court restricts misleading advertising after Longbridge's claims against Mutual of Omaha; ruling favors clarity in reverse mortgage advertising.
#ginnie-mae
Miscellaneous
fromwww.housingwire.com
5 months ago

Texas Capital Bank opposes summary judgment in Ginnie Mae suit

TCB disputes Ginnie Mae's authority to extinguish its lien claims under the APA, emphasizing the complexities of mortgage securitization.
Retirement
fromwww.housingwire.com
5 months ago

HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts

Ginnie Mae is enhancing liquidity in the reverse mortgage sector with its HMBS 2.0 program, but staffing cuts pose a potential challenge to its implementation.
fromwww.housingwire.com
2 months ago

Reverse mortgage pros encouraged by ramped-up outreach plans

Cory's initiative aims to normalize reverse mortgages and increase their acceptance within the mainstream funding community.
fromwww.housingwire.com
2 months ago

NRMLA co-chair outlines reverse mortgage advocacy plan

The reverse mortgage industry needs more awareness and advocacy to overcome low penetration rates despite high satisfaction.
fromwww.housingwire.com
2 months ago

Attendees encouraged by reverse mortgage event in California

Attendee reactions highlighted the importance of addressing distribution issues in the reverse mortgage industry for broader adoption.
Retirement
from24/7 Wall St.
3 months ago

I'm 72 and Facing a Tough Choice: Pay My Taxes or Lose My Home - What Should I Do?

A 72-year-old Reddit user faces the risk of losing his home due to high expenses exceeding his retirement income.
fromwww.housingwire.com
3 months ago

Longbridge's Melissa Macerato on new proprietary product impact

The Platinum Peak variation aims to enhance refinancing options and cater to cost-conscious borrowers amidst rising interest rates.
fromwww.housingwire.com
3 months ago

NRMLA announces 2025 western, annual meeting details

NRMLA is set to host its Western Regional Meeting in Irvine on April 29, featuring panels on proprietary reverse mortgages and a session with Bill Gross.
SF real estate
fromwww.housingwire.com
3 months ago

Lawyers at major firm sound off on reverse mortgage issues

Understanding the regulation of reverse mortgages is crucial for plaintiffs' attorneys to effectively address litigation concerns.
fromwww.housingwire.com
3 months ago

Heirs' attempt to reopen HECM foreclosure fails in Connecticut

Foreclosure after the death of a reverse mortgage borrower is common, but legal challenges can arise from heirs regarding notification and debt settlement options.
Retirement
fromwww.housingwire.com
3 months ago

Tariff policy could inspire renewed talk of reverse mortgage as buffer asset'

Market volatility near retirement can significantly impact retirement stability, suggesting the need for strategic planning.
fromwww.housingwire.com
3 months ago

Longbridge adds to its proprietary reverse mortgage suite

Longbridge's new Platinum Peak option increases accessibility for younger borrowers considering reverse mortgages.
Roam Research
fromwww.housingwire.com
3 months ago

Reverse mortgage software pioneer Jerry Wagner has died

Wagner's Ibis Software Corporation has significantly impacted the reverse mortgage industry through innovative technology solutions since its inception in 1994.
SF real estate
fromwww.housingwire.com
4 months ago

Fitch assesses home equity investments amid wider scrutiny

Home equity investment products offer benefits but carry significant risks, including regulatory scrutiny and credit risk due to weak consumer profiles.
#mortgage-industry
fromwww.housingwire.com
4 months ago

NRMLA requests WA Senate amend foreclosure bill to reflect reverse mortgage laws

Washington state enhances foreclosure protection with a new mediation program and specific fees for homeowners.
Legislatures are actively addressing reverse mortgage regulations to expand eligibility.
Retirement
from24/7 Wall St.
4 months ago

This is why I'll never take out a reverse mortgage - 5 hidden costs you need to know about

Reverse mortgages can be appealing for seniors needing funds, but they come with significant hidden costs.
SF real estate
fromwww.housingwire.com
4 months ago

Finance of America reports Q4 loss, full-year profit for 2024

Finance of America reported a quarterly loss but achieved a full-year profit, reflecting strategic achievements and market potential for its products.
fromwww.housingwire.com
4 months ago

Maryland reverse mortgage bill withdrawn after industry dialogue

The bill aimed to mandate lenders to use escrow accounts for expenses in reverse mortgages but was withdrawn due to opposition from the National Reverse Mortgage Lenders Association.
SF real estate
fromwww.housingwire.com
4 months ago

New executive leaders at FOA to focus on modernizing' tech, customer experience

Brian Conneen and Karime Benaissa's appointments are crucial for FOA's digital transformation and modernization of the reverse mortgage industry.
fromwww.housingwire.com
5 months ago

Could US reverse mortgage companies partner with one from Australia?

The level of government engagement regarding reverse mortgages was surprising for Heartbank Bank officials, contrasting the direct lender-client handling common in their country.
Real estate
fromwww.housingwire.com
5 months ago

Longbridge CEO Chris Mayer on reverse mortgage partnerships with forward companies

Mayer emphasizes the increasing importance of the reverse mortgage market due to the aging population and changing homeownership dynamics.
Retirement
from24/7 Wall St.
5 months ago

10 Financial Scams and Frauds That Every American Over 50 Needs to Watch Out For

Older adults are increasingly targeted by financial scams due to technological unfamiliarity and susceptibility.
Scams such as reverse mortgages and telemarketing are particularly prominent for seniors.
fromwww.housingwire.com
6 months ago

CFPB received fewer reverse mortgage complaints in 2024

About 13% of all complaints were related to applying for a loan or refinancing an existing one. Most of these issues stemmed from an attempt to communicate with the company to fix some kind of an application issue.
Real estate
Business
fromwww.housingwire.com
6 months ago

Here are the top reverse mortgage securities issuers for 2024

Finance of America (FOA) leads the reverse mortgage market in 2024 with 31% share despite issuing fewer pools than in 2023.
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