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.
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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.
Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.
HUD cancels HECM-related tech contract under direction of DOGE
A technology tool designed for use by reverse mortgage counselors is no longer available after its contract was canceled.
Onity leaders talk reverse channel profitability, tease proprietary product development
Onity Group executives tout the profitability of their reverse mortgage business and tease the development of a new private-label offering.
NRMLA supports Hawaii bill seeking state-run reverse mortgage program
The reverse mortgage trade association said it supports a bill to set up a state-run HECM program, but it also requested some changes.