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Reverse

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Reverse mortgage performance metrics end 2024 on a mixed note

January 6, 2025 by bp56691
HECM endorsements saw a jump in December, but HMBS issuance ended 2024 on a low note, making for a topsy-turvy month of performance data.
Categories Finance of America, HECM, HMBS, Longbridge Financial, Mutual of Omaha Mortgage, New View Advisors, Reverse, Reverse Market Insight

Reverse mortgage leaders on partnering with the forward side in 2025

January 3, 2025 by bp56691
The reverse mortgage industry seeks to build its positive momentum this year after collaborating extensively with forward lenders in 2024.
Categories Fairway Independent Mortgage, Guild Mortgage, HECM, HWmember, New American Funding, NRMLA, Reverse

Reverse mortgage case number metric reaches highest level in two years

January 2, 2025 by bp56691
HECM case number assignments hit a two-year high point in October, marking an encouraging sign for a challenging reverse mortgage market.
Categories HECM, Reverse, Reverse Market Insight

The biggest challenge for the reverse industry in 2024? Mortgage rates

December 27, 2024 by bp56691
The biggest challenge for the reverse industry in 2024? Mortgage rates
Reverse mortgage industry leaders at multiple lenders weighed in on the year’s biggest industry challenges.
Categories Fairway Independent Mortgage, Guild Mortgage, loanDepot, New American Funding, Reverse

NRMLA’s Steve Irwin on political change and the 2025 HECM limit

December 26, 2024 by bp56691
NRMLA’s Steve Irwin on political change and the 2025 HECM limit
Steve Irwin discusses political changes, how those could impact the HECM program and more in this interview.
Categories NRMLA, Reverse

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
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