The latest endorsement data is here and it shows increased endorsements for 7 of the top-10 ranked lenders. However, March endorsements were the…
Continue readingMarch 2024 Top 100 HECM Lenders Report
U.S. Senator calls for more oversight of HECM securitization
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EPISODE #820
Senator Mike Braun calls for increased oversight of the HECM MBS program
[Housing Wire]
U.S. Senator Mike Braun wrote a letter to Ginnie Mae’s president asking for policy solutions to prevent a collapse of the secondary market HMBS program. [Listen for details]Â
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[Reverse Market Insight] Our monthly segment of RMI’s Market Minute.
[Journal Courier]Â Is downsizing worth it for retirees?
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Can’t afford healthcare? A reverse mortgage and these options may help
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EPISODE #819
Can you afford health care in retirement? If not here are some options
[Cleveland.com]
Unable to afford healthcare in retirement? Here are some options retirees should consider in addition to a reverse mortgage. [Listen for details]Â
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[Redfin] Home listings surge in biggest increase in 3 years: Asking prices drop.
[CNBC]Â No Rate Cut: The Fed holds rates steady after hot inflation report.
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Parent Company of former HECM lender converts to Chapter 7
Kiplingers: Six questions to ask before getting a reverse mortgage
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EPISODE #817
Six questions to ask before getting a reverse mortgage
[Kiplingers]
Six financial professionals from Kiplinger Advisor Collective submit questions homeowners should consider before getting a reverse mortgage. Spoiler alert- they’re actually fair-minded..
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[Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.
[National Mortgage News] Nation’s largest mortgage lender shutters mortgage origination platform.
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This Bay Area County modified ADU rules to ease senior housing crunch
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EPISODE #816
Bay Area lawmakers modify ADU rules to ease senior housing crunch
[Housing Wire]
One Bay Area county approved reduced fees for accessory dwelling units (ADUs) to help ease the housing crunch for those in transition, especially seniors. Â
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[Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.
[Housing Wire]Â Traditional mortgage demand drops to a record low.
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February 2024 Top 100 HECM Lenders Report
The times they are a-changing’. This month we have a major upset in the top-ten ranking with one top-five lender claiming the #1 spot for the first time…
Continue readingHow One Reverse Pro Prompted a Scammer’s Arrest
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EPISODE #815
How one reverse pro helped catch a fraudster
[Housing Wire]
A suspected fraudster who may have defrauded multiple elderly victims was arrested thanks in part to an alert reverse mortgage professional.
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[Reverse Market Insight] RMI’s Jon McCue returns to explain the latest reverse mortgage trends in our monthly installment of the Market Minute.
[Housing Wire] Fairway Independent Mortgage’s reverse mortgage division is making big changes in its strategy and key staffing.
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HECM loan application activity falls
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EPISODE #814
HECM application activity falls
[FHA/HECMWORLD]
After a long delay the most recent FHA Single Family Production report was released earlier this month revealing November HECM application activity.Â
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[BankRate] Is the housing market going to crash in 2024? Here’s what the experts are saying.
[Motley Fool] No Soft Landing: Citi Bank’s chief economist sees an impending recession.
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When it’s okay to be in 2nd place
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There is no video for this week's podcast. Please listen to the episode below.
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EPISODE #813
It’s okay to be in second placeÂ
[PR Wire India]
Sometimes it’s okay to be second, as in 2nd Place, in retirement.
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[Housing Wire] Some reverse originators report a strong start to 2024
[Market Watch]Â Should my 87 year-old mom owing $425K on a $1M home get a reverse mortgage?
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