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.
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Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.
Reverse mortgage book inside MMI Fund continues to evolve
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.
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.
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.
New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’
A new MBA proposal for a Ginnie Mae securities product could be taking inspiration from recent actions in the reverse mortgage business.
AARP assesses aging in place, role for reverse mortgages
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Celink awarded high net promoter score in recent customer survey
The leading reverse mortgage servicer said its net promoter score of 74 indicates a high level of satisfaction among its clients.
Longbridge, Mutual of Omaha attempt to reach settlement over deceptive marketing accusations
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.
HUD takes a closer look at senior finances, housing affordability pain points
A new report from HUD’s Office of Policy Development and Research takes a closer look at older Americans’ housing affordability challenges.