Reverse Mortgage Daily

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Reverse Mortgage Daily

The industry's leading source of reverse mortgage news and information. Search for commentary, product updates, interviews, and the latest on the industry.

03/27/2023

The FHA is reminding servicers that federal money is available for reverse and forward mortgage borrowers to help cure defaults.

03/27/2023

Fairway added Dan Ventura as its new VP of reverse mortgage operations, further building out its new leadership team.

03/24/2023

Former staffers from HUD, FHA and the GSEs weigh in on how to press ahead in this volatile reverse mortgage climate.

03/24/2023

Seniors across the U.S. and Canada prefer to remain in their homes, and tech available across both nations can help accomplish that goal.

03/23/2023

Volume is down, but signs are beginning to emerge about reverse mortgage business in 2023, according to one industry leader.

03/23/2023

HUD and its Japanese counterpart visited FHA-subsidized housing across three American cities to share ideas about aging in place.

03/22/2023

The new law allows borrowers as young as 55 to take out proprietary reverse mortgage loans and changes some state counseling provisions.

03/22/2023

The renewed agreement between Celink and FAR, which has been in place since 2011, occurs during a period of change for both organizations.

03/21/2023

Ginnie Mae has requested $61 million of additional funding to increase its capacity to accommodate the RMF servicing portfolio.

03/21/2023

Volume remained low for January, but the share of new customers ticked upward as the industry reorients to new-to-reverse borrowers.

03/20/2023

A U.S. congressman wants to change HECM occupancy rules after a constituent faced a foreclosure following his home's destruction in a fire.

03/20/2023

Senior care costs can be astronomical, and many baby boomers are not prepared for it according to the Washington Post.

03/17/2023

After announcing the acquisition of Cherry Creek, Guild will now leverage the move to expand its efforts in the reverse mortgage space.

03/17/2023

Fannie Mae recognized the company with its STAR Award weeks after it described servicing as a strength in an earnings call.

03/16/2023

Older borrowers having higher rates could be due to less comparison shopping than younger borrowers, according to a research brief.

03/16/2023

Fairway continues to reshape its reverse mortgage division, appointing eight regional SVPs dedicated to the reverse product.

03/15/2023

Leading reverse mortgage lender HighTechLending announced this week that it hired industry veteran Eric Ellsworth to serve as EVP of sales.

03/15/2023

A new report illustrates how home equity is becoming a more popular retirement funding source, though some data shows home prices falling.

03/14/2023

FOA attributed losses to the dissolution of its forward mortgage arm, and looks ahead to consolidating AAG under its own reverse division.

03/14/2023

A lender failed to convince a judge to stop certifying a class in a lawsuit over reverse mortgage telemarketing.

03/14/2023

HUD details its outlook for the performance of the HECM book of business and makes several legislative program recommendations.

03/14/2023

Plans for NRMLA conferences include a return to Nashville in 2023, but the group will take a different approach with regional meetings.

03/14/2023

There is new movement on a permanent fix for reverse mortgage counseling issues in the state, but the finish line is not yet reached.

03/14/2023

Government officials and members of industry worked to bring attention to elder financial abuse this month by highlighting common scams.

03/14/2023

The White House released its proposed budget for FY 2024, which asks for a 1.6% increase to HUD's budget from the enacted levels in 2023.

03/14/2023

Raising the retirement age may help younger people, but it could also negatively impact today's seniors, experts tell Forbes.

03/14/2023

Ennkar co-founder Omar Ennabe offers thoughts about how to operate in the tough reverse mortgage climate in 2023.

03/14/2023

A new report describes how seniors can unlock equity in retirement by moving but doesn't mention HECM for Purchase.

03/14/2023

A reverse mortgage borrower entered into foreclosure following a wildfire, and one Colorado lawmaker has vowed to do something about it.

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