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Despite aging-in-place preferences, senior support services are in short supply

February 11, 2025 by bp56691
Older Americans want to age in place in their own homes, and they also want to remain in their current communities. But these desires could clash with a reality that many communities across the country simply don’t have the resources to support seniors,
Categories AARP, Aging in Place, HWmember, Retirement, Reverse

FOA’s James Mittleman looks ahead at 2025 with AAG integration in rearview

February 10, 2025 by bp56691
The FOA/AAG integration is largely complete and is giving the company an optimistic outlook for 2025, according to its senior vice president of retail sales.
Categories AAG, Finance of America, HWmember, LendingLife, Retail Lending, Reverse

Proprietary reverse mortgage business in Oregon could be in danger

February 7, 2025 by bp56691
A bill introduced in Oregon could halt proprietary reverse mortgage business if enacted, according to NRMLA.
Categories HECM, HWmember, NRMLA, Oregon, Regulatory, Reverse, Unison

Washington, D.C. moves to bolster reverse mortgage foreclosure protections

February 7, 2025 by bp56691
A D.C.-based reverse mortgage foreclosure prevention program is being expanded to encompass more district residents, after a successful pilot program.
Categories HWmember, Reverse

Longbridge, Mutual of Omaha granted delay in reverse mortgage marketing lawsuit

February 6, 2025 by bp56691
The lawsuit and countersuit alleging deceptive reverse mortgage marketing practices has seen key deadlines pushed to the end of March and mid-April, respectively.
Categories California, HWmember, Lawsuit, Legal, Longbridge Financial, Mutual of Omaha Mortgage, Reverse

Tennessee official, citing property tax relief, notes more interest in reverse mortgages

February 6, 2025 by bp56691
A Tennessee official noted rising interest in reverse mortgages from area seniors when discussing property taxes on a local radio station.
Categories HECM, HWmember, NRMLA, Property Tax, Reverse, Tennessee

HECM endorsements, HMBS issuance see relatively little movement to start 2025

February 5, 2025 by bp56691
HECM endorsements increased by less than 1% from December to January, while HMBS issuance is historically low but still healthy.
Categories HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Market Insight

Family caregivers who support older relatives are on the rise due to aging-in-place preferences

February 5, 2025 by bp56691
The share of unpaid caregivers rose sharply between 2011 and 2024, which researchers said came partially from rising preferences for aging in place.
Categories Aging in Place, Long-term care, Reverse

New York bill would require reverse mortgage lenders to strengthen consumer disclosures

February 4, 2025 by bp56691
A New York state senator’s bill seeks to require lenders to offer more comprehensive reverse mortgage information to borrowers at least five days before closing.
Categories FHA, HECM, HUD, HWmember, New York, New York State Legislature, Regulatory, Reverse

Hawaii bill would establish state-run reverse mortgage program

January 31, 2025 by bp56691
The bill aims to address the rising cost of homeownership for older Hawaiians, or “kupuna,” and features nine sponsors in the legislature.
Categories FHA, Hawaii, HECM, HUD, HWmember, Regulatory, Reverse
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