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Longbridge wins partial preliminary injunction against Mutual of Omaha

May 15, 2025 by bp56691
A judge has weighed in on the dispute between two of the largest reverse mortgage lenders, ruling that some claims warranted relief.
Categories HECM, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse

FOA president talks business progress amid strong Q1 earnings

May 14, 2025 by bp56691
FOA president talks business progress amid strong Q1 earnings
FOA President Kristen Sieffert highlighted some of the company’s business progress in Q1, new marketing moves and an executive promotion.
Categories Earnings, Finance of America, Finance of America Reverse, HWmember, Marketing, Reverse

Americans are living longer — but they aren’t prepared for retirement impacts

May 14, 2025 by bp56691
Outliving retirement savings could put financial security at risk as American life expectancy grows, the research suggests.
Categories American College of Financial Services, HWmember, Nationwide Retirement Institute, Retirement, Reverse

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

May 13, 2025 by bp56691
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
Categories FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery

May 9, 2025 by bp56691
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Categories California, HECM, HWmember, Los Angeles, Reverse, Wildfire

Longbridge endures Q1 loss, but leaders tout ‘positive contributions’

May 8, 2025 by bp56691
Longbridge recorded a loss in Q1 but its parent company still remains bullish on its overall contributions to profitability.
Categories Ellington Financial, Longbridge Financial, Mortgage, Reverse

Finance of America posts a profit, beats funded volume estimates in Q1 2025

May 7, 2025 by bp56691
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
Categories Earnings, Finance of America, Graham Fleming, HECM, HWmember, Reverse

Property insurers must prepare for aging population: report

May 7, 2025 by bp56691
As the global population ages more rapidly, property insurers must assess their offerings to meet the moment, according to a new report.
Categories Aging in Place, baby boomer, Homeowners insurance, HWmember, Retirement, Reverse

NRMLA co-chair outlines reverse mortgage advocacy plan

May 2, 2025 by bp56691
NRMLA co-chair outlines reverse mortgage advocacy plan
NRMLA co-chair Jim Cory discussed a new industry outreach effort to bring more people up to speed with reverse mortgages.
Categories HECM, HWmember, NRMLA, Reverse

The potential benefits of senior property tax deferral programs

May 2, 2025 by bp56691
A longtime retirement researcher weighs in on the possible benefits of property tax deferrals for older homeowners.
Categories Boston College, HWmember, Massachusetts, Property Tax, Retirement, Reverse
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