Reverse Mortgages Pros Reverse Mortgage Originations Slide 17.3%, Wholesale Takes 28.7% Hit Originators of Home Equity Conversion Mortgages saw endorsement figures drop 17.3% in March, according to the most recent figures from Reverse Market Insight — dragged down by a…
Reverse Mortgages Pros Reverse Mortgage Originators Decide to Go Big or Stay Independent As reverse mortgage volumes have decreased since last year’s principal limit changes, moving to a bigger lender is an attractive option for some independent originators. Mario Martirano,…
Reverse Mortgages Pros Private Reverse Mortgage Lenders Predict Boost from Australia Program On its face, the Australian government’s recent decision to offer a universal reverse mortgage program might seem like a threat to the country’s private lending market. But at…
Reverse Mortgages Pros Retirees’ Confidence in Social Security, Medicare Tumbles in 2018 An annual survey of retirees’ attitudes toward their retirement security found a bleaker outlook this year than in the past, revealing significant worries about the ability of Medicare…
Reverse Mortgages Pros Seattle Emerges as Bright Spot Amidst Reverse Mortgage Fallout Despite the downturn in Home Equity Conversion Mortgage endorsement volume in February, largely attributable to program changes implemented in October 2017, several areas saw substantial year-over-year growth during…
Reverse Mortgages Pros Ocwen CEO Retires, Former PHH Executive to Assume Role Ocwen Financial Corporation (NYSE: OCN) president and CEO Ron Faris will retire at the end of June, the financial services corporation announced Thursday. Glen Messina, former president and…
Reverse Mortgages Pros Reverse Mortgages Issued Under New Rules Outstrip Old, Age Gap Narrows Reverse mortgages issued under the new, post-October 2 principal limit factor rules have surpassed those originated under the old structure, according to a new analysis from…
Reverse Mortgages Pros Three Years In, Underwriters Say LESA Has Improved Reverse Mortgages It’s been nearly three years since the Department of Housing and Urban Development introduced Life Expectancy Set-Asides (LESAs), which require borrowers with less-than-stellar credit histories to set…
Reverse Mortgages Pros Reverse Mortgage Originators Tackle Ways to Improve Servicing Reverse mortgage lenders and originators have made great strides in improving the product’s image over the last decade. But once the borrower signs the loan documents, his or her…
Reverse Mortgages Pros Report: HUD Secretary Carson’s Job in Question at White House When President Trump fired national security advisor H.R. McMaster, the move reportedly disrupted a larger plan to oust Ben Carson and others, according to Politico. The Department…