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.
Home Equity
Auto Added by WPeMatico
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.
FOA debuts new marketing campaign tying home equity to life’s ‘next chapter’
Finance of America debuted a new creative campaign soon after announcing the enlistment of a new agency to drive modern marketing efforts.
Washington Legislature requests study of home equity investment products
The Washington Legislature wants to know more about home equity investments and has commissioned a formal academic study.