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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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,

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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Reverse Mortgage News

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

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