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.
Reverse
Auto Added by WPeMatico
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.
How a government shutdown could impact reverse mortgages
If a government shutdown happens, here are the likely reverse mortgage business impacts based on recent history and HUD’s contingency plan.
Pre-retirement anxiety is rising, but current retirees are optimistic
Pre-retirement anxiety is rising, but current retirees are pleasantly surprised by how their retirements are going, according to survey data.
Finance of America reports Q4 loss, full-year profit for 2024
FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.
Older Americans are increasingly reliant on credit cards to cover basic living expenses
Large shares of older Americans are increasingly reliant on credit cards to cover basic expenses, including for housing, according to AARP.
What has the CFPB done for the reverse mortgage industry?
As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.