HELOC loans surged 41% from Q2 2021- Q2 2022. Can a home equity line of credit compete with a reverse mortgage?
Continue readingHELOC loan volume surges- can they compete with a HECM?
Fannie Mae economists downgrade their housing forecast.
[Housing Wire] It will get worse for the housing market – and mortgage industry – before it gets better. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week
Continue reading10 cities where senior home equity is most at risk
Senior home equity is at risk as the housing market begins the big shift…
Continue readingReverse borrowers encouraged to seek assistance
The office of the California Attorney General Rob Bonta published an alert last week encouraging state residents impacted by the Covid-19 pandemic to seek assistance to repay house payments.
Continue readingThe hidden casualties of inflation
The cost of unprecedented economic stimulus is inflation and older Americans and retirees are often its unseen casualties…
Continue readingThe HECM is teetering on collapse because…
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EPISODE #735
“The reverse mortgage business is teetering on collapse because…”
[Reverse Mortgage Daily] sat down with Ted Tozer who served as president of Ginnie Mae to get his perspectives and outlook for the Home Equity Conversion Mortgage (HECM) program.Â
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Other Stories:
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Over half of Generation X’ers cannot afford to help their parents financially.
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You can’t take the money and run- Borrowers must return money to rescind the loan
Americans are piling on debt as inflation soars
Older homeowners are getting hammered by a one-two punch with inflation approaching 10% and with recent declines in stocks and bonds in an increasingly volatile market. As a result many older Americans may be racking up more consumer debt.
Continue readingA time-honored loan in FHA
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EPISODE #734
RMD sits down with our FHA Commissioner
Reverse Mortgage Daily sat down with FHA Commissioner Julia Gordon for her perspectives on the HECM program, its strength, and outlook.
Other Stories:
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Newsweek: The U.S. facing a potential ‘perfect storm’ for a housing crisis
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Workers Say Inflation Is Now the No. 1 Obstacle to a Comfortable Retirement
July Top 100 HECM Lenders Report
See how your lender and others performed for HECM endorsements in the month of July…
Continue readingThe Source of HECM Reluctance?
This may be the primary force behind reverse mortgage reluctance…
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