#reverse-mortgages

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#mortgage-industry
fromwww.housingwire.com
2 days ago

California wildfire recovery event targeted reverse mortgage borrowers

Being able to provide community education in this way, we really hope to be able to reach more people and prevent the worst from happening.
Online Community Development
#hecm
#home-equity
Retirement
from24/7 Wall St.
2 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.
Marketing tech
fromwww.housingwire.com
2 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.
Retirement
from24/7 Wall St.
2 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.
Marketing tech
fromwww.housingwire.com
2 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.
Retirement
fromwww.housingwire.com
1 week 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.
#financial-planning
#financial-services
#financial-stability
fromwww.housingwire.com
2 weeks ago

Longbridge wins partial preliminary injunction against Mutual of Omaha

The law and facts clearly favor Longbridge's claim that Mutual of Omaha's advertising was misleading, as it conflated RFS with Mutual, creating confusion.
Marketing tech
#ginnie-mae
Miscellaneous
fromwww.housingwire.com
3 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
3 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.
Miscellaneous
fromwww.housingwire.com
3 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
3 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 weeks ago

LA County event will assist reverse mortgage borrowers with wildfire recovery

"Seniors navigating the aftermath of the Eaton Fire shouldn't have to face uncertainty alone, especially regarding complex issues like reverse mortgages."
Los Angeles
#finance
#home-equity-conversion-mortgage
from24/7 Wall St.
1 month ago

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

Buying a too-expensive house was a big mistake.
Retirement
fromwww.housingwire.com
1 month ago

Assessing the reverse mortgage technology landscape

"Digital customer experiences allow willing customers to self-serve parts of the originations process while still having access to knowledgeable representatives."
Marketing tech
#hud
Real estate
fromwww.housingwire.com
3 months ago

Could US reverse mortgage companies partner with one from Australia?

The NRMLA Annual Meeting showcased significant government involvement in reverse mortgage discussions, highlighting the U.S. approach to regulatory engagement.
Real estate
fromwww.housingwire.com
3 months ago

Could US reverse mortgage companies partner with one from Australia?

The NRMLA Annual Meeting showcased significant government involvement in reverse mortgage discussions, highlighting the U.S. approach to regulatory engagement.
#foreclosure
fromwww.housingwire.com
2 months ago

Fitch assesses home equity investments amid wider scrutiny

Fitch expressed concerns about home equity investment (HEI) products, highlighting risks related to regulation, credit risk, and limited performance history amidst increasing scrutiny.
SF real estate
fromwww.housingwire.com
2 months ago

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

Washington state's foreclosure mediation program, initiated by the Foreclosure Fairness Act of 2011, aims to enhance protections and introduce a fee for residential loans.
SF real estate
SF real estate
fromwww.housingwire.com
2 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.
SF real estate
fromwww.housingwire.com
2 months ago

Maryland reverse mortgage bill withdrawn after industry dialogue

The proposed bill to require escrow accounts in reverse mortgages was withdrawn following substantial opposition from industry leaders.
Real estate
fromwww.housingwire.com
3 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.
3 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
4 months ago

Here are the top reverse mortgage securities issuers for 2024

Continuing its streak at the top of the list is Finance of America (FOA), with 31% market share and issuance of 315 pools for a total of more than $1.8 billion. FOA issued 83 fewer HMBS pools than it did in 2023, according to the data. Company leaders highlighted both its HMBS market position and the elevated levels of home equity held by older Americans as indications of its market presence in the reverse mortgage space.
Business
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