According to a recent article in the American Banker reverse mortgages are becoming increasingly difficult for both the consumer and lenders alike. “It’s a good product made nearly impossible to provide”, said…
Continue readingJuly 2012 Top 100 HECM Retail Lenders
The exit of MetLife shows dramatically with their endorsements dropping from over 1,200 in June to 250 this month as their loan pipeline begins to empty. Notable movers this month include Urban Financial from #4 to #2 spot and One Reverse taking the #1 spot that MetLife had dominated for so long….
Continue readingLess than $30,000?
If you ever question the future market potential of the reverse mortgage, wonder no longer. A recent New York Times Editorial titled “Our ridiculous approach to retirement” paints a sobering reality. The vast majority of Americans have saved less than…
Continue readingLooking ahead: Interview with Urban Financial CEO Steve McClellan
He comes from both a banking and financial services background. Urban Financial CEO Steve McClellan sat with us at NRMLA’s West Coast Meeting and shares his insights on upcoming regulations, market conditions and more.
Continue readingMoral Hazard?
Moral Hazard? One definition is the lack of incentive to guard against risk because one is protected from the consequences while the risk rests on another party. Is that what we have with reverse mortgage borrowers who have defaulted? Non-payment of taxes and insurance has been an issue. A look at what real estate columnist had to say recently.
Continue readingCFPB to Congress on Reverse Mortgage Industry
What some feared would be highly critical actually was balanced giving a historical perspective. The CFPB’s report to Congress on the Reverse Mortgage Industry. Highly detailed and filled with demographic and market trends, the report…
Continue readingJune 2012 Top 100 HECM Retail Lenders
Despite MetLife’s exit their endorsements remain on this month’s report. There is a little jockeying around amongst the top 10 and trends indicate some big changes in the coming months. See the full Top 100 Retail HECM Lenders Report for more.
Continue readingInterview with Sarah Hulbert of 1st Reverse Mortgage USA: Industry Image and Future
Exclusive interview with 1st Reverse Mortgage USA’s Sarah Hulbert discussing industry image, regulation, industry volume and marketing.
Continue readingInterview with Rob Awalt of PRC
Rob Awalt of Premier Reverse Closings (PRC) speaks to adapting to a changing market, the skills required to thrive in more in our exclusive interview recorded at the NRMLA Western Regional Meeting in Irvine California.
Continue readingIndustry Outlook: Interview with Peter Bell
What is going on behind the scenes and what can we expect this year? See our interview with NRMLA President Peter Bell to learn more about regulation, lawmaking effecting reverse mortgages and more.
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