Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.

Reverse mortgage metrics show little movement in November

While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS 2.0 — leave 2024 winding down in an active way for the business.