What will happen to HMBS 2.0 under Trump’s regulatory freeze?
HMBS 2.0 could make a big difference for reverse mortgage securities issuers, but a lack of concrete information leaves an implementation timeline unclear.
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NYC advocates call for billions of dollars to support seniors
A coalition of older New Yorkers and aging advocates are demanding more resources from the New York City government to address older residents’ needs.
Longbridge lowers minimum home value for Platinum products
Longbridge announced the move earlier this month to partners, and Chris Mayer talks with HousingWire’s Reverse Mortgage Daily about the change.
Finding qualified contractors is the biggest obstacle to reno projects
A survey by Renewal by Andersen found that 2,500 homeowners across four generations had the same concern about renovations.
Education and problem solving are keys to reverse for purchase business, agents say
Two real estate agents explain some of their thoughts on the HECM for Purchase program and the success they’ve seen with it.
After sentencing of reverse mortgage scammer, Illinois activists seek home preservation program
Following the sentencing of scammer Mark Diamond, Illinois is considering a home renovation program for older residents under state law.
Reverse mortgage servicing safeguard might help LA borrowers
A 2023 safeguard introduced in reverse mortgage servicing software could help borrowers in Los Angeles avoid foreclosure.
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
Longbridge files to remove ads from website in case against Mutual
Longbridge has filed a motion in court seeking to take down material it contends is deceptive and misleading from several websites.
Habitat for Humanity sees success with aging in place program
A New York county branch of Habitat for Humanity says its aging in place program is making a difference for area seniors.