#reverse-mortgages

#reverse-mortgages

Mortgage rates have reached 7% following President Trump's tariff announcement, but have since fallen to 6.91%, impacting reverse mortgage activity.

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.

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.

"Seniors navigating the aftermath of the Eaton Fire shouldn't have to face uncertainty alone, especially regarding complex issues like reverse mortgages."

Buying a too-expensive house was a big mistake.

"Digital customer experiences allow willing customers to self-serve parts of the originations process while still having access to knowledgeable representatives."

Fitch expressed concerns about home equity investment (HEI) products, highlighting risks related to regulation, credit risk, and limited performance history amidst increasing scrutiny.

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.

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.