What it’s like connecting reverse mortgage professionals with forward lending partners
Reverse mortgage industry professionals explain what it’s like to try and forge more partnerships with forward lenders at a major event.
HECM
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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.
Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.
Reverse mortgage book inside MMI Fund continues to evolve
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.
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.
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.
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.
HECM line of credit option continues to dominate with 93% share
The HECM line of credit is the most-used payment option for most of the past decade, a trend that continued in FY 2024.
Reverse mortgage pros sound off on 2025 HECM limit
Reverse mortgage professionals at multiple companies shared their thoughts on what the higher HECM limit for 2025 will mean for business.
Reverse mortgage metrics show little movement in November
While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS 2.0 — leave 2024 winding down in an active way for the business.