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Reverse Mortgage News

Reverse Mortgages Pros How to Serve Clients on the Borderline Between HECM and Jumbo Loans As proprietary products gain appeal among prospective reverse mortgage borrowers, some companies are confronted with a new conundrum: prospects who qualify for both jumbo and

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Reverse Mortgage News

Reverse Mortgages Pros How Reverse Mortgage Lenders Handle the Condo Approval Process The required Federal Housing Administration (FHA) approval process for condominiums has been a consistent thorn in the side of the reverse mortgage business. Because it is the full

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Reverse Mortgage News

Reverse Mortgages Pros FAR Refines Proprietary HomeSafe Products, Drops Most Origination Fees Finance of America Reverse (FAR) has announced changes implemented into its HomeSafe proprietary reverse mortgage offerings, made in an effort to tackle borrower perceptions concerning the cost of

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Reverse Mortgage News

Reverse Mortgages Pros Originators Point to Reverse Mortgage Safety vs. New Alternatives As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves

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Reverse Mortgage News

Reverse Mortgages Pros Confronting Four Reverse Mortgage Misconceptions An opponent of reverse mortgage products recently wrote two columns at Forbes discussing reasons that the business should be avoided, and that potential borrowers searching for ways to fund their retirements would

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Reverse Mortgage News

Reverse Mortgages Pros Local Spotlight: Reverse Mortgages in the Pacific Northwest One year ago, two U.S. cities saw significant year-over-year growth far outpacing the national loan volume average, according to 2018 data from Reverse Market Insight. Have those two cities

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Reverse Mortgage News

Reverse Mortgages Pros Forbes: Managing Costs and Credit of a Reverse Mortgage For prospective reverse mortgage borrowers, there are strengths and weaknesses to be found either in immediate or delayed leveraging of the line of credit, and the borrower’s decision

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Reverse Mortgage News

Reverse Mortgages Pros Why iReverse Home Loans is Moving into the Forward Mortgage Space Reverse mortgage firms have had to find new ways to adapt to the realities of business, particularly in the wake of highly influential changes to principal

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Reverse Mortgage News

Reverse Mortgages Pros Ditech Risks Default, Avoids Second Bankruptcy and Terminates COO Ditech Holding Corporation (NYSE: DHCP), parent company of Reverse Mortgage Solutions (RMS), elected not to make an approximately $9 million cash interest payment to its creditors that was

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Reverse Mortgage News

Reverse Mortgages Pros Canadian Reverse Mortgage Demand Reaches New High Demand for reverse mortgages among citizens in Canada continues to grow, demonstrating a contrast to the trend of the business sector in the United States. As of October 2018, the

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