HUD cancels HECM-related tech contract under direction of DOGE
A technology tool designed for use by reverse mortgage counselors is no longer available after its contract was canceled.
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Banning property taxes in Florida gains traction among lawmakers
A proposal floated by the governor last month is getting attention, but some are concerned about its potential impact on government services.
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.
FOA appoints new board members, including former US senator
The two new board members are expected to assist the reverse mortgage lender’s efforts in marketing and legislative affairs.
NRMLA supports Hawaii bill seeking state-run reverse mortgage program
The reverse mortgage trade association said it supports a bill to set up a state-run HECM program, but it also requested some changes.
Longbridge appoints new head of credit policy, underwriting and QC
Longbridge Financial has appointed Patrick Halonen to lead its credit policy, underwriting and quality control efforts.
The state of the reverse mortgage business in early 2025
Reverse mortgage lenders are making moves in early 2025 while business is humming — though not booming — in the early months of the year.
The housing market is ‘failing older adults,’ Urban Institute says
Older Americans face unique housing burdens that remain largely unaddressed by market providers, according to an Urban Institute report.
FOA’s Kristen Sieffert talks about growing the business in 2025
FOA’s Kristen Sieffert explained what the company will prioritize in as it aims to reach more older homeowners with its reverse products.
How urban environments present unique challenges for aging in place
While rural and suburban areas have their own challenges, cities can also offer roadblocks for aging in place.