Reverse Mortgages Pros How Modeling Can Prove Reverse Mortgage Solutions to Common Problems Reverse mortgage originators have seen it all when it comes to common reverse mortgage uses. In fact, the National Reverse Mortgage Lenders Association lists 25 ways to…
Reverse Mortgages Pros Counselors See ‘Trickle-Down’ Decline in Reverse Mortgage Demand Last fall, reverse mortgage counselors stepped up their operations to handle the influx of borrowers looking to secure loans before the implementation of new rules on October 2. Now,…
Reverse Mortgages Pros Reverse Mortgage Securities Market Sets Record in December Issuers of reverse mortgage-backed securities (HMBS) had a record end to 2017, logging the highest monthly issuance total in almost eight years. HMBS firms generated 106 loan pools for…
Reverse Mortgages Pros CFPB Chief Declines Federal Reserve Funding for Quarter The acting director of the Consumer Financial Protection Bureau declined funding from the Federal Reserve for the second quarter of fiscal 2018, marking yet another departure from his predecessor.…
Reverse Mortgages Pros Reverse Mortgage Originators Expect to Work Harder, Make Less in ’18 New reverse mortgage rules that reduce principal limits have originators anticipating a decline in profits. Many expect that fewer consumers will qualify for the loans —…
Reverse Mortgages Pros Reverse Mortgage Endorsements Up in 2017, Fallout Likely Coming Reverse mortgage lenders handily beat 2016 endorsement totals last year, aided by the rush to lock in principal limit factors ahead of major changes in October, but a…
Reverse Mortgages Pros Seniors’ Home Equity Keeps Rising, Hits $6.5 Trillion American homeowners aged 62 and older controlled $6.5 trillion in home equity during the third quarter of 2017, according to the most recent estimate from the National Reverse Mortgage…
Reverse Mortgages Pros Many Consumers Wary of Reverse Mortgages, But Willing to Learn The National Council on Aging shook up the reverse mortgage industry earlier this year with a study showing that consumers were turned off by the name of…
Reverse Mortgages Pros Reverse Mortgage Loan Limit to Rise Again in 2018 For the second year in a row, the lending limit for federally backed reverse mortgages is increasing. The Department of Housing and Urban Development on Thursday announced a…
Reverse Mortgages Pros Walter Enters Chapter 11, Reverse Mortgage Solutions Potfolio Spared Walter Investment Management Corporation (NYSE: WAC.BC) voluntarily entered Chapter 11 bankruptcy protection late Thursday night, after the required number of lenders and noteholders approved the company’s prepackaged plan.…