#reverse-mortgages

#reverse-mortgages

A reverse mortgage, or lifetime mortgage, allows homeowners aged 55 and over to borrow against their home's equity, requiring no monthly repayments.

SecureEquity+ offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage (HECM), available to borrowers as young as 55.

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

Developing Platinum Preserve required extensive discussions, legal structuring, and a lot of thoughtful work to get it right in today's environment.

The monetization of home equity is one solution that continues to gain traction as indicated through this very important report.

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.

The new housing assistance program, funded with $100 million, includes eligibility for reverse mortgage borrowers and aims to provide significant relief following disasters.

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.

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.

The goal here is to open up and create standardized datasets for reverse mortgages, while basing it on traditional mortgage data, to improve comparisons.

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.

‘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.

The panel quickly jumped on issues they've face with appraisals as a key impediment in the closing process.

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.

The bill aimed to mandate lenders to use escrow accounts for expenses in reverse mortgages but was withdrawn due to opposition from the National Reverse Mortgage Lenders Association.

The level of government engagement regarding reverse mortgages was surprising for Heartbank Bank officials, contrasting the direct lender-client handling common in their country.

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.