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What it’s like connecting reverse mortgage professionals with forward lending partners

December 23, 2024 by bp56691
Reverse mortgage industry professionals explain what it’s like to try and forge more partnerships with forward lenders at a major event.
Categories Finance of America, Guild Mortgage, HECM, Longbridge Financial, Mortgage Bankers Association, Reverse

Origins: When a reverse mortgage saved a client from bankruptcy

December 19, 2024 by bp56691
Origins: When a reverse mortgage saved a client from bankruptcy
Rick Rodriguez of VIP Mortgage shares his story of getting into the reverse mortgage business and becoming a product proponent.
Categories HECM, Las Vegas, Reverse, VIP Mortgage

Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space

December 18, 2024 by bp56691
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.
Categories Ginnie Mae, HECM, HMBS, Reverse

Reverse mortgage book inside MMI Fund continues to evolve

December 17, 2024 by bp56691
The FHA said the estimated economic net worth of the HECM MMI stood at $17.4 million this year, up from $15.4 million last year.
Categories FHA, HECM, HUD, Reverse

Fairway reverse division honors longtime pro with lifetime achievement award

December 17, 2024 by bp56691
Fairway reverse division honors longtime pro with lifetime achievement award
“Pistol Pete” Stebbins, 90, was honored with a lifetime achievement award from Fairway’s reverse division in recognition of a 40-year career.
Categories Fairway Independent Mortgage, HECM, Reverse

NRMLA’s Steve Irwin on FHA report, HECM changes and more

December 16, 2024 by bp56691
NRMLA’s Steve Irwin on FHA report, HECM changes and more
NRMLA’s president discusses the association’s outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance Fund.
Categories FHA, HECM, HUD, NRMLA, Reverse

New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’

December 13, 2024 by bp56691
A new MBA proposal for a Ginnie Mae securities product could be taking inspiration from recent actions in the reverse mortgage business.
Categories Ginnie Mae, HMBS, IMBs, Mortgage Bankers Association, New View Advisors, Regulatory, Reverse, Secondary market

AARP assesses aging in place, role for reverse mortgages

December 12, 2024 by bp56691
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Categories AARP, Joint Center for Housing Studies, LendingLife, Mortgage, Origination, Reverse

Celink awarded high net promoter score in recent customer survey

December 12, 2024 by bp56691
The leading reverse mortgage servicer said its net promoter score of 74 indicates a high level of satisfaction among its clients.
Categories Celink, Fortune, HUD, Mortgage Servicing, Reverse

Longbridge, Mutual of Omaha attempt to reach settlement over deceptive marketing accusations

December 11, 2024 by bp56691
An ongoing lawsuit between two major reverse mortgage lenders, Mutual of Omaha Mortgage and Longbridge Financial, over marketing practices could come to an end if both parties can reach a settlement agreement prior to going to trial.
Categories California, Longbridge Financial, Marketing, Mutual of Omaha, Retirement Funding Solutions, Reverse
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