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Hometap continues to fight ‘illegal reverse mortgage’ lawsuit in Massachusetts

November 11, 2025 by bp56691
State Attorney General Andrea Joy Campbell sued Hometap in February 2025, labeling the company’s primary product offerings as “illegal reverse mortgages that fail to comply with state consumer protection laws.”
Categories Home Equity, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Massachusetts Division of Banks, Reverse, Reverse Mortgage Daily

Social Security COLA will increase 2.8% in 2026

October 24, 2025 by bp56691
The Social Security Administration (SSA) on Friday announced that its cost-of-living adjustment (COLA) will rise 2.8% in 2026. Among the 53 million Americans who receive Social Security benefits in retirement, that will translate to an additional $56 per month.
Categories HWmember, Retirement, Reverse, Social Security, Social Security Administration

Smartfi Home Loans shutters retail division

September 23, 2025 by bp56691
Smartfi Home Loans, a top reverse mortgage lender, closed its retail division to focus exclusively on wholesale operations. Paul Fiore departed as retail president.
Categories HWmember, Retail Lending, Reverse, Reverse Mortgage Daily, San Diego, Smartfi Home Loans, Wholesale Lending

GoodLife’s Chase Kinder on growing his company’s reverse mortgage presence

September 17, 2025 by bp56691
GoodLife’s Chase Kinder on growing his company’s reverse mortgage presence
GoodLife Home Loans is rapidly growing its HECM market share and looking to expand under new wholesale division leader Chase Kinder.
Categories Goodlife Home Loans, HECM, HWmember, Reverse, Reverse Mortgage Daily, Team Leaders, Wholesale Lending

Longbridge’s ‘HELOC for Seniors’ is officially on the market

September 8, 2025 by bp56691
Longbridge Financial has officially launched a home equity line of credit (HELOC) that’s designed for homeowners aged 62 and older, offering approval and funding in as little as five business days. 
Categories HELOC, HELOCs, Home Equity, HWmember, LendingLife, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily

Reverse mortgage production metrics took a tumble in August

September 3, 2025 by bp56691
Despite a sharp decline in August endorsements, wholesale sponsors like Longbridge and Finance of America helped to sustain volumes.
Categories Finance of America, HECM, HMBS, HWmember, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, Reverse, Reverse Mortgage Daily

YouTubers set trap for crime ring targeting seniors, resulting in 25 arrests

August 29, 2025 by bp56691
Federal agents disrupted a long-running fraud scheme targeting seniors, helped by YouTubers who set and sprang the trap on the fraudsters.
Categories Cybersecurity, FBI, HWmember, Reverse, Reverse Mortgage Daily, YouTube

NAF targets reverse mortgage growth with ‘connective tissue’ marketing tactics

August 28, 2025 by bp56691
Unlike NAF’s multimillion-dollar forward mortgage campaign, “Hell Yeah You’re Buying a Home,” which was announced last month, the reverse-centric “Old Wives” campaign isn’t something you’ll find on major TV networks or streaming platforms.
Categories HECM, Home Equity, HWmember, LendingLife, Marketing, New American Funding, Reverse, Reverse Mortgage Daily

Reverse mortgage lenders log Q2 profits amid home equity, AI push

August 25, 2025 by bp56691
The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop. 
Categories Artificial Intelligence, Earnings, Ellington Financial, Finance of America, Home Equity, HWmember, LendingLife, Mortgage, Onity Group, Reverse, Reverse Mortgage Daily

Older adults support many types of housing regulation reform

August 22, 2025 by bp56691
Older adults support changing zoning laws to make homebuilding easier, according to new surveys by AARP and the Pew Charitable Trusts.
Categories accessory dwelling units, Home Prices, Housing Inventory, Housing Market, HWmember, Reverse
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