Lawyers at major firm sound off on reverse mortgage issues
Lawyers at a major firm break down some common litigation and themes they’ve seen in cases involving reverse mortgages.
HECM
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Credit.org rolls out new reverse mortgage e-learning platform
A new online learning platform from a nonprofit counseling agency aims to bolster reverse mortgage understanding among qualified borrowers.
Wade Pfau: how market volatility could renew reverse mortgage discussions
Wade Pfau talks about the HECM line of credit as a “buffer asset,” in light of this week’s tariff-induced market volatility.
Residency requirements top HUD OIG’s list of open reverse mortgage issues
Three of the four open recommendations related to HECM from the HUD watchdog are all centered on one topic.
Aging in place, high equity impact moving activity
Aging in place could dampen moving activity for older Americans, but baby boomers recently reclaimed their place as the top homebuyers.
Reverse mortgage endorsements fell as HMBS issuance rose in March
Reverse mortgage performance metrics were mixed in March, with volume falling and securities issuance rising.
Longbridge has a new addition to its proprietary reverse mortgage suite
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
FOA promotes Jonathan Scarpati to chief production officer
Scarpati will now oversee both wholesale and retail production at FOA, in an effort to “optimize internal structures and accelerate performance gains” for its multichannel operations.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.