Home equity cushions homeowners against economic shocks
The latest NMDB report from FHFA shows that 82% of homeowners in America have at least 30% of equity in their homes.
Home Equity
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Record-high home equity provides opportunity for the reverse mortgage industry
Record-high home equity is good news for seniors looking to remodel their homes, particularly those considering a reverse mortgage.
Global equity release market projected to top $56B by 2035
Global equity release — including reverse mortgages — could be in for pronounced growth over the next 10 years, according to a new report.
In Chicago, a reverse mortgage scammer left a lasting scar
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
Global reverse mortgages in the news: growth, delay and launch
Reverse mortgages are seeing growth in Canada, setbacks in Australia and a new product launched in South Korea.
Longbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs
A new private-label reverse mortgage from Longbridge aims to attract borrowers who are concerned about leaving assets for their heirs.
Competition for HELOC business heats up as home equity grows
MBA panelists highlighted the chance for loan officers to originate more HELOCs and other second-lien mortgages as the housing market sags.
ServiceLink expands closing technology
The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments.
Longbridge’s Melissa Macerato on the impact of new proprietary product
Longbridge Financial’s new proprietary addition is designed to reconnect with those short to close and appeal to younger eligible borrowers.
PHH’s Liberty Reverse Mortgage relaunches EquityIQ proprietary product
Liberty is reentering the proprietary reverse mortgage landscape in a more crowded field than when it introduced EquityIQ in 2019.