Reverse Mortgages Pros Seniors’ Home Equity Keeps Rising, Hits $6.5 Trillion American homeowners aged 62 and older controlled $6.5 trillion in home equity during the third quarter of 2017, according to the most recent estimate from the National Reverse Mortgage…
Reverse Mortgages Pros Many Consumers Wary of Reverse Mortgages, But Willing to Learn The National Council on Aging shook up the reverse mortgage industry earlier this year with a study showing that consumers were turned off by the name of…
Reverse Mortgages Pros Reverse Mortgage Loan Limit to Rise Again in 2018 For the second year in a row, the lending limit for federally backed reverse mortgages is increasing. The Department of Housing and Urban Development on Thursday announced a…
Reverse Mortgages Pros Walter Enters Chapter 11, Reverse Mortgage Solutions Potfolio Spared Walter Investment Management Corporation (NYSE: WAC.BC) voluntarily entered Chapter 11 bankruptcy protection late Thursday night, after the required number of lenders and noteholders approved the company’s prepackaged plan.…
Reverse Mortgages Pros Programming Note: Happy Thanksgiving from RMD! All of us at Reverse Mortgage Daily hope you have a Thanksgiving filled with family, friends, food, and overall good times. If you’re traveling, we also wish you a safe journey…
Reverse Mortgages Pros Ginnie Mae Official Issues Warning About HECM-to-HECM Refinances Ginnie Mae is actively working with the Veterans Affairs lending community to stop predatory refinancing, according to a top official — and the reverse mortgage industry could find itself…
Reverse Mortgages Pros 10% of Older Homeowners Could Benefit from HECMs, Other Equity Loans About 10% of the homeowners aged 65 and older would benefit from the use of home equity extraction tools, according to a new study from the…
Reverse Mortgages Pros Reverse Mortgage Must-Reads: New Regulations, Nationstar Sale Talks This week brought major news out of some of the largest publicly traded reverse mortgage servicing companies, as well as a new effort in Congress to regulate the Home…
Reverse Mortgages Pros Reverse Mortgage Must-Reads: Deceptive Ad Charges, Liberty for Sale Just in case you missed them the first time around, here’s our weekly roundup of the must-read stories from a very busy week in Home Equity Conversion Mortgages…
Reverse Mortgages Pros Washington Charges HighTechLending with Deceptive HECM Advertising The state of Washington this week charged HighTechLending, Inc. with using deceptive and misleading reverse mortgage advertising practices dating back to 2013. Washington’s Department of Financial Services seeks $300,000 in fines from…