George Morales on proprietary reverse mortgages and MISMO standards
The MISMO reverse workgroup chair says standardization is meant to reduce tech barriers for lenders entering the space
Reverse Mortgage Daily
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South River Mortgage elevates Tyler Plack to CEO
Tyler Plack was a founding employee of South River when it opened in 2017
HECM broker endorsements continue tepid pace in May
Atlantic Avenue remained at No. 1 despite declining endorsement activity during the month
Finance of America grows reverse mortgage volume despite Q2 net loss of $29M
Finance of America Companies Inc. (FOA) grew its reverse mortgage and home equity funding volume 21% year over year in the second quarter of 2026, even as non-cash fair value marks in its portfolio business drove a net loss of $29 million from April through June.
FOA leads July HECM endorsements while HMBS issuance remains weak
Home Equity Conversion Mortgage endorsement declined in July after an uptick in June, while HECM Mortgage-Backed Securities issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors.
Here’s another example of how proprietary loans are driving growth for the reverse mortgage market
Proprietary reverse mortgages drove industrywide volume to $9.65B in 2025 as HECM volume stalled and higher rates shifted product economics.
CFPB seeks input on mortgage disclosures and TRID rules
CFPB issued an RFI on TRID, refinance rescission and reverse mortgage disclosures, asking if current rules raise costs and limit access.
FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB
FOA will also acquire Onity’s pipeline of reverse mortgage loans, and Onity will exit the reverse mortgage originations business.
AARP awards $8.3M in senior-focused housing and community improvement grants
The funds come at a time when the U.S. population is aging rapidly and seniors are overwhelmingly expressing a desire to age in place in their current homes.
Social Security, Medicare solvency could be examined by bipartisan commission
Rather than advancing immediate policy changes, the panel would study financial outlooks and submit recommendations for lawmakers to consider.