Alt home equity product from RMF alum expands into new states
Cornerstone Financing rolled out an alternative home equity-tapping product to several new states, following a successful 2024 financing deal.
Reverse
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Reverse mortgage software pioneer Jerry Wagner has died
NRMLA announced the news in an email update to its members late last week, and industry professionals remember Wagner fondly.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Satisfaction surveys may not be helpful in guiding retirement policy
Where is the disconnect between reported high retirement satisfaction and poor financial readiness? New research aims to find out.
Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.
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.
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.