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HECM

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Reverse mortgage case number metric reaches highest level in two years

January 2, 2025 by bp56691
HECM case number assignments hit a two-year high point in October, marking an encouraging sign for a challenging reverse mortgage market.
Categories HECM, Reverse, Reverse Market Insight

What it’s like connecting reverse mortgage professionals with forward lending partners

December 23, 2024 by bp56691
Reverse mortgage industry professionals explain what it’s like to try and forge more partnerships with forward lenders at a major event.
Categories Finance of America, Guild Mortgage, HECM, Longbridge Financial, Mortgage Bankers Association, Reverse

Origins: When a reverse mortgage saved a client from bankruptcy

December 19, 2024 by bp56691
Origins: When a reverse mortgage saved a client from bankruptcy
Rick Rodriguez of VIP Mortgage shares his story of getting into the reverse mortgage business and becoming a product proponent.
Categories HECM, Las Vegas, Reverse, VIP Mortgage

Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space

December 18, 2024 by bp56691
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.
Categories Ginnie Mae, HECM, HMBS, Reverse

Reverse mortgage book inside MMI Fund continues to evolve

December 17, 2024 by bp56691
The FHA said the estimated economic net worth of the HECM MMI stood at $17.4 million this year, up from $15.4 million last year.
Categories FHA, HECM, HUD, Reverse

Fairway reverse division honors longtime pro with lifetime achievement award

December 17, 2024 by bp56691
Fairway reverse division honors longtime pro with lifetime achievement award
“Pistol Pete” Stebbins, 90, was honored with a lifetime achievement award from Fairway’s reverse division in recognition of a 40-year career.
Categories Fairway Independent Mortgage, HECM, Reverse

NRMLA’s Steve Irwin on FHA report, HECM changes and more

December 16, 2024 by bp56691
NRMLA’s Steve Irwin on FHA report, HECM changes and more
NRMLA’s president discusses the association’s outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance Fund.
Categories FHA, HECM, HUD, NRMLA, Reverse

Reverse pro turned customer shares insights gained from the other side of the table

December 6, 2024 by bp56691
Reverse pro turned customer shares insights gained from the other side of the table
Tim Nelson of VIP Mortgage goes into specific aspects of making the transition and the potential use cases for the loan as part of his retirement plan.
Categories HECM, Retirement, Reverse, VIP Mortgage

HECM line of credit option continues to dominate with 93% share

December 5, 2024 by bp56691
The HECM line of credit is the most-used payment option for most of the past decade, a trend that continued in FY 2024.
Categories FHA, HECM, HUD, Retirement, Reverse

Reverse mortgage pros sound off on 2025 HECM limit

December 4, 2024 by bp56691
Reverse mortgage professionals at multiple companies shared their thoughts on what the higher HECM limit for 2025 will mean for business.
Categories Fairway Independent Mortgage, FHA, Finance of America, HECM, loanDepot, Reverse, Simple Reverse Lending, VIP Mortgage
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