Wade Pfau: how market volatility could renew reverse mortgage discussions
Wade Pfau talks about the HECM line of credit as a “buffer asset,” in light of this week’s tariff-induced market volatility.
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Retirees moving to low-tax states may be disappointed by the savings they find
While a lower income tax sounds like a savings source, actually taking the plunge might reveal unanticipated costs — including other taxes.
Residency requirements top HUD OIG’s list of open reverse mortgage issues
Three of the four open recommendations related to HECM from the HUD watchdog are all centered on one topic.
Aging in place, high equity impact moving activity
Aging in place could dampen moving activity for older Americans, but baby boomers recently reclaimed their place as the top homebuyers.
Fairway announces ‘hybrid e-closings’ for reverse mortgages
The company previously said this option will make HECM processes more convenient for borrowers as it seeks to expand the business.
Some Social Security recipients were falsely told their benefits had stopped, senators say
SSI beneficiaries were reportedly told, incorrectly, that their benefits had stopped, prompting an inquiry from three Democratic senators.
Reverse mortgage endorsements fell as HMBS issuance rose in March
Reverse mortgage performance metrics were mixed in March, with volume falling and securities issuance rising.
Tariff policy could inspire renewed talk of reverse mortgage as ‘buffer asset’
Wade Pfau recommended reverse mortgage lines of credit as ‘buffers’ during the pandemic, which could make a comeback amid tariff policy.
Longbridge has a new addition to its proprietary reverse mortgage suite
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.