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Habitat for Humanity sees success with aging in place program

January 16, 2025 by bp56691
A New York county branch of Habitat for Humanity says its aging in place program is making a difference for area seniors.
Categories Aging in Place, Habitat for Humanity, New York, Reverse

Mutual of Omaha denies Longbridge allegations, files counterclaim

January 15, 2025 by bp56691
Mutual of Omaha has denied Longbridge’s allegations, and wants a jury trial to determine monetary losses from Longbridge’s own alleged actions.
Categories HWmember, Longbridge Financial, Mutual of Omaha Mortgage, Reverse

Wildfire damage with a reverse mortgage? Here’s what to do

January 13, 2025 by bp56691
First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.
Categories Celink, HUD, Mortgage, Reverse, Reverse Market Insight

Fairway eyes reverse mortgage expansion in 2025

January 13, 2025 by bp56691
Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year.
Categories Fairway Independent Mortgage, HECM, Purchase Market, Reverse

As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

January 10, 2025 by bp56691
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
Categories Celink, Disaster Relief, FEMA, FHA, Finance of America, HighTechLending, HUD, Mortgage Cadence, Natural Disaster, New American Funding, NRMLA, Reverse, Reverse Loans Now

New CFPB report looks at reverse mortgage activity in 2023

January 9, 2025 by bp56691
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry.
Categories CFPB, Finance of America, Finance of America Reverse, HECM, Mutual of Omaha Mortgage, Reverse

USA Today: If Social Security falters, reverse mortgages could be worth a look

January 9, 2025 by bp56691
For those reliant on Social Security benefits but having trouble making ends meet, a reverse mortgage may be worth a look, the column said.
Categories HECM, Reverse, Social Security, USA Today

The top 10 reverse mortgage lenders of 2024

January 8, 2025 by bp56691
The top 10 retail reverse mortgage lenders in 2024 weathered a challenging year, with key movements in the rankings.
Categories Fairway Independent Mortgage, Finance of America, HECM, Liberty Reverse Mortgage, Longbridge Financial, Mutual of Omaha Mortgage, Onity Group, Reverse, Reverse Market Insight

Nearly half of retirees worry they’ll outlive their savings, while 25% are burdened by housing costs

January 8, 2025 by bp56691
A survey of 1,000 retirees shows that many have severe savings shortfalls, can’t enjoy retirement and are burdened by housing costs.
Categories Retirement, Reverse, Social Security

How reverse mortgage pros will seek to connect with clients in 2025

January 7, 2025 by bp56691
The reverse mortgage industry is ready to hit the ground running in its efforts to connect with new clients in 2025.
Categories Fairway Independent Mortgage, Finance of America, HECM, HWmember, Marketing, New American Funding, Reverse
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