Reverse mortgage metrics dipped slightly in June
The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too.
HECM
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Record-high home equity provides opportunity for the reverse mortgage industry
Record-high home equity is good news for seniors looking to remodel their homes, particularly those considering a reverse mortgage.
A financial planner shares her journey to understanding reverse mortgages
While only a fraction of her clients use them, Rachel Gustafson says that reverse mortgages are a useful tool for those with specific needs.
Global equity release market projected to top $56B by 2035
Global equity release — including reverse mortgages — could be in for pronounced growth over the next 10 years, according to a new report.
In Chicago, a reverse mortgage scammer left a lasting scar
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
Fairway, Longbridge lead reverse mortgage presence at The Gathering
Two reverse mortgage industry leaders break down some of the challenges and opportunities of serving senior homeowners.
Reverse mortgage performance was largely steady in May
Reverse mortgage business metrics were largely steady last month, and analysts expect that to hold barring unforeseen challenges.
New California wildfire homeowner assistance program includes reverse mortgages
A disaster recovery program in California includes help for forward and reverse mortgage borrowers, drawing praise from reverse professionals.
White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
MISMO reverse mortgage workgroup chair on ‘building a bridge to the mainland’
The MISMO reverse workgroup sees recently completed work as a “bridge to the mainland” for mortgage tech, according to its chair.