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…
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…
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…
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…
Reverse Mortgages Pros Reverse Mortgage Endorsements Drop 15% in June, Recovery to Take Time Reverse mortgage endorsements dipped 15.5% between May and June of this year, according to the most recent update from Reverse Market Insight — and the long-term…
Reverse Mortgages Pros New Homes, Retirement Savings: Originators Share HECM Success Stories Despite industry concerns about lower endorsement volumes and constrained principal limits, reverse mortgage originators continue to see success stories on the ground level. Kathy Collins, a branch manager…
Reverse Mortgages Pros Reverse Mortgage Originators See Opportunity with Single Female Borrowers The real estate market is seeing more activity from older, single – especially divorced – women, and the reverse mortgage industry is no different. Not only is the…
Reverse Mortgages Pros Post-October 2 Recovery in Line with Previous Reverse Mortgage Changes The reverse mortgage industry’s leading volume tracker says the decline in originations may have reached bottom as the trend lines follow a similar pattern seen after other…
Reverse Mortgages Pros Reverse Mortgage Players Suggest Back-End Fixes to FHA’s Systems Earlier this month, new Federal Housing Administration commissioner Brian Montgomery laid the blame for troubles in the reverse mortgage industry on back-end issues at his own department. The…
Reverse Mortgages Pros Canada’s Reverse Mortgage Leader Develops More Emotional Pitch to Seniors As the U.S. reverse mortgage market struggles to adapt to lower principal limits, demand north of the border is surging — and Canada’s top reverse mortgage lender…