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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There’s been much media buzz about ‘AI’ or Artificial Intelligence but where can it be used in the reverse mortgage industry?
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Here are three opportunities reverse mortgage originators can find even in today’s bloated housing market and uncertain interest rate landscape…
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After two years of engagement and feedback from HECM lenders, servicers, consumer advocates, and other housing industry participants the Federal Housing Administration (FHA) released its updated handbook which consolidates HECM policies.
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Nationwide reverse mortgage lender loan production for Home Equity Conversion Mortgages (HECMs) endorsed by FHA in the month of October 2023.
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Today we find both the average HECM expected rate and the traditional 30-year mortgage hovering around eight percent. Here’s why that may be an advantage
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Despite holding trillions of dollars in home equity, U.S. homeowners are struggling to tap into it according to a report published by Point, an alternative equity release company.
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One Canadian financial commentator recounts her journey from a reverse mortgage skeptic to one who embraced the loan as a viable…
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Older homeowners should know about this letter the housing industry just sent to the Federal Reserve. Here’s what the letter says…
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Today, every American consumer is feeling the pain in their pocketbooks as a result of our government’s unchecked spending as the purchasing power of the U.S. dollar continues to decline making goods and services that more expensive. But just how much more expensive?
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