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…
Reverse Mortgages Pros Reverse Mortgage Stakeholders Call for Industry to Clarify NBS Protections Home Equity Conversion Mortgage rules have made major strides in recent years when it comes to non-borrowing spouses (NBS) of reverse mortgage borrowers. With principal limit factors…
Reverse Mortgages Pros Carson: HUD Has ‘Made Tremendous Progress’ on Reverse Mortgages Responding to a question about the general health of the Federal Housing Administration’s finances, Ben Carson pointed to recent improvements to the reverse mortgage program during a Congressional…
Reverse Mortgages Pros One in Three U.S. Households Will be 65+ By 2035 The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report…
Reverse Mortgages Pros Servicers Offer Tips on Handling Reverse Mortgage Repair Requirements At face value, it could seem like a small issue: A borrower might need to make a few minor repairs on a property in the weeks and months…
Reverse Mortgages Pros Ditech Loses $12.8M on Reverse Mortgage Solutions in Q1 In its first quarterly earnings call after emerging from Chapter 11 bankruptcy protection, Ditech Holding Corporation (NYSE: DHCP) rolled out several initiatives related to its reverse mortgage servicing…
Reverse Mortgages Pros Residents in 55+ Communities Claim Reverse Mortgage Victories More than a year after their story was first publicized, residents at a 55-and-over community in Arizona claimed an important victory that will allow them to secure reverse mortgages…
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,…