Here’s why January’s drop in endorsements was not unexpected and where RMI’s president sees endorsements trending in 2023.
Continue readingExpectations vs. Reality
The 10-Year CMT Index forecast for 2023
After a series of consistent increases in the 10-year CMT, the index is now whipsawing back and forth. Here’s one economic group’s projection of where the HECM’s key rate will go in 2023.
Continue readingMutual of Omaha adds RMF talent to reverse division
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EPISODE #758
Mutual of Omaha adds RMF talent to reverse division
Mutual of Omaha is doubling down on reverse mortgages adding several of RMF’s top talent to its reverse mortgage division.
Other Stories:
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[Reverse Market Insight] The ‘Market Minute’ with Jon McCue
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[Tuscon-com]Â Lawmaker would end property taxes for those who paid off their mortgages
- [HECMWorld] A word of caution: Just because it’s a story take it with a grain of salt
More layoffs expected in February and March
According to recent official filings more reverse mortgage professionals will be laid off in February and March…
Continue readingReconsideration of Value strengthened with proposal
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EPISODE #756
Does a $1 million HECM limit cut into private reverse mortgages?
Reverse Mortgage Daily’s Chris Clow interviewed Understanding Reverse’s Dan Hultquist to learn more.
according to a recent report from Lending Tree
Other Stories:
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[Reverse Mortgage Daily] Draft FHA appraisal policy would give HECM applicants more choices when seeking the reconsideration of their home’s appraised value.
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[Forbes] The S&P 500 Lost More Than 18% In 2022: Should Retirees Be Worried?
10 million seniors burdened with a mortgage
More than 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, according to a recent report from Lending Tree
Continue readingLatest industry HECM data may reveal opportunities in 2023
What lessons can we learn from 2022 that may help us grow in 2023?
Continue readingCelink is now HUD’s official HECM loan servicer
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EPISODE #753
Celink is now HUD’s official HECM loan servicer
It’s official: Celink now provides loan servicing for Home Equity Conversion Mortgage (HECM) reverse loans sponsored by the Federal Housing Administration (FHA). RMD fills in the details in this week’s episode.
Other Stories:
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[MarketWatch] A hot market cools way down
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[RMD] Behind the scenes on FAR’s acquisition of AAG’s direct sales channel
Mortgage bonds are cheap but no one is buying
A summary of Reverse Mortgage Daily’s investigation into the causes that contributed to the collapse of Reverse Mortgage Funding
Continue readingHECM Limit Increased!
One of the nation’s largest reverse mortgage lenders filed for Chapter 11 Bankruptcy last week
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