Reverse mortgage metrics dipped slightly in June
The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too.
HMBS
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Reverse mortgage performance was largely steady in May
Reverse mortgage business metrics were largely steady last month, and analysts expect that to hold barring unforeseen challenges.
GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring
GoodLife has launched a retail reverse mortgage division and is seeking out reverse mortgage professionals for it, the company announced.
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.
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.
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.
Finance of America reports Q4 loss, full-year profit for 2024
FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.
Reverse mortgage endorsements, securities issuance fell in February
HECM endorsements and HMBS issuance declined in February, which some professionals said reflected higher mortgage rates at the start of 2025.
Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit
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.
Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit
TCB says that granting the government a summary judgment in its lawsuit against Ginnie Mae would be based on on an “incorrect” idea.