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What has the CFPB done for the reverse mortgage industry?

March 11, 2025 by bp56691
As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.
Categories CFPB, HECM, HWmember, National Consumer Law Center, NRMLA, Regulatory, Reverse

Maryland reverse mortgage bill withdrawn following industry dialogue

March 10, 2025 by bp56691
A Maryland reverse mortgage bill seeking to establish an escrow account for expenses has been tabled for now after industry dialogue.
Categories HECM, HWmember, Legislation, Maryland, NRMLA, Reverse

Columnist: Reverse mortgages have benefits that come with risks

March 10, 2025 by bp56691
Reverse mortgages can be beneficial in the right situation, but there are risks to consider, personal finance columnist Liz Weston writes.
Categories HECM, HWmember, Long-term care, Reverse, Social Security

Reverse mortgage endorsements, securities issuance fell in February

March 6, 2025 by bp56691
HECM endorsements and HMBS issuance declined in February, which some professionals said reflected higher mortgage rates at the start of 2025.
Categories HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Market Insight

Report suggests key HECM field office at HUD could be shut down

March 5, 2025 by bp56691
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
Categories FHA, Government Lending, HECM, HUD, HWmember, NRMLA, Reverse

New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience

March 4, 2025 by bp56691
FOA has added new chief customer and technology officer roles to its rankings as it seeks to modernize its technology.
Categories Finance of America, HECM, HWmember, Mortgage, Reverse, Technology

NRMLA announces first event of 2025

February 28, 2025 by bp56691
The reverse mortgage trade association announced that its Western Regional Meeting will be held April 29 in Irvine, California.
Categories California, HECM, HWmember, NRMLA, Reverse

Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit

February 27, 2025 by bp56691
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
Categories Ginnie Mae, HECM, HMBS, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

FOA’s James Mittleman on reverse industry’s forward partnerships, proprietary as ‘the future’

February 25, 2025 by bp56691
Forward partnerships and proprietary products could have a big impact on the future of the reverse mortgage industry, James Mittleman explains.
Categories Finance of America, HECM, Reverse

Longbridge CEO Chris Mayer on reverse mortgage partnerships with forward companies

February 21, 2025 by bp56691
Longbridge CEO Chris Mayer on reverse mortgage partnerships with forward companies
Longbridge CEO Chris Mayer speaks with HousingWire’s RMD about forward mortgage partnerships and the potential of HECM for Purchase.
Categories HECM, HWmember, Longbridge Financial, Mortgage Bankers Association, NRMLA, Reverse
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