HECM endorsements spike in November amid shutdown backlog
Home Equity Conversion Mortgage (HECM) endorsements saw an artificial increase in November due to the government shutdown, an effect that may continue into December.
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MBA lays out proposed changes for federal reverse mortgage programs
MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage insurance premiums.
GoodLife’s Chase Kinder on growing his company’s reverse mortgage presence
GoodLife Home Loans is rapidly growing its HECM market share and looking to expand under new wholesale division leader Chase Kinder.
Reverse mortgage production metrics took a tumble in August
Despite a sharp decline in August endorsements, wholesale sponsors like Longbridge and Finance of America helped to sustain volumes.
NAF targets reverse mortgage growth with ‘connective tissue’ marketing tactics
Unlike NAF’s multimillion-dollar forward mortgage campaign, “Hell Yeah You’re Buying a Home,” which was announced last month, the reverse-centric “Old Wives” campaign isn’t something you’ll find on major TV networks or streaming platforms.
Outdated manufactured home? This reverse LO could save the day
Bill Smith of Reverse Mortgage West talks about a unique way to build new homes using the proceeds from a reverse mortgage.
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.
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.