A recent interview between National Mortgage News’ technology reporter and Celink’s Chief Information Officer reveals how AI is being utilized in the servicing of reverse mortgage loans. Here are a few notable excerpts…
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‘Tis the season when reverse mortgage professionals often find themselves in the holiday slowdown. Here’s how you can leverage this time…
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FHA has announced that the HECM limit will be increased effective January 1st, 2024. The new HECM limit or the maximum home value that may be considered in the federally-insured reverse mortgage is…
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“When we consider the liquidity options and flexibility they [reverse mortgages] can bring to a long-term retirement plan, they are truly a value play that should be considered.”
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Many economists believe the Fed will cut rates in 2024 but for differing reasons…
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Top-ten HECM lender Open Mortgage announced the closure of their reverse mortgage division citing profitability challenges from…
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What happens during a HECM counseling session? Are reverse mortgage professionals properly preparing homeowners for their counseling sessions? We interviewed Greg Smalls with Consumer Education Services, Incorporated to answer these questions and more.
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While the HECM portion of FHA’s portfolio remains positive its capital ratio has slightly slipped thanks to the program’s extreme sensitivity to home price appreciation and interest rates…
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Here are the key proposed policy changes for the HECM that every reverse mortgage originator should understand and communicate with borrowers who may find themselves in these specific situations.
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