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Reverse Mortgage News

Reverse Mortgages Pros Servicers Give Updates on Non-borrowing Spouses As complex servicing issues regarding non-borrowing spouses continue to challenge reverse mortgage originators, servicing experts offered their guidance on updates to Home Equity Conversion Mortgage servicing at the National Reverse Mortgage

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Reverse Mortgage News

Reverse Mortgages Pros Waterfall Asset Management Issues $571.8 Million in Active Jumbo Reverse Mortgage Bonds The first offering of its kind since the financial crisis, Waterfall Asset Management is offering $571.8 million in performing jumbo reverse mortgage-backed bonds, according to

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Reverse Mortgage News

Reverse Mortgages Pros FAR Releases Jumbo HELOC Reverse Mortgage ‘HomeSafe Select’ Following the introduction of several new reverse mortgage products this year, there’s another proprietary loan on the market. Finance of America Reverse today announced the addition of a proprietary

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Reverse Mortgage News

Reverse Mortgages Pros HECM Endorsements Rise 9.8% in August; Recovery Still Slow While recovery remains sluggish, Home Equity Conversion Mortgage endorsements continued to climb in August, rising 9.8% from July for a total of 3,191 loans, according to the latest

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Reverse Mortgage News

Reverse Mortgages Pros ‘Trusted Advisors’ Key to Federal Savings Bank HECM Growth Like other lenders in the market, The Federal Savings Bank has adapted to the new reverse mortgage lending landscape since the Home Equity Conversion Mortgage program changes hit

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Reverse Mortgage News

Reverse Mortgages Pros US Mortgage Expands HECM Reach with New Hire, More Training As some reverse mortgage lenders and originators are diversifying in response to the past fiscal year’s discouraging origination volume, other companies are adding resources and intensifying their Home

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Reverse Mortgage News

Reverse Mortgages Pros FHA to Require Second Reverse Mortgage Appraisals Beginning October 1 The Federal Housing Administration on Friday announced a new appraisal requirement for Home Equity Conversion Mortgage lenders in another attempt to stem losses to the Mutual Mortgage

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Reverse Mortgage News

Reverse Mortgages Pros California Poised to Take Center Stage in Private Reverse Mortgage Market As new proprietary reverse mortgage products are teased and released, California sits as a prime potential market for borrowers looking for home equity-tapping options outside of

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Reverse Mortgage News

Reverse Mortgages Pros Specialization Could Be Key to HECM for Purchase Success As the reverse mortgage industry continues to adapt to the lower principal limit factors introduced last year — and the resulting volume declines — diversification has become a

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Reverse Mortgage News

Reverse Mortgages Pros Advising Reverse Mortgage Borrowers on Aging in Place For the many seniors who want to age in place, structural upgrades can become essential for living with accessibility and safety. A commonly promoted use for the Home Equity

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