Industry Leader Update

New York Reverse Lenders Impacted by 11th-hour Regulations

Shannon Hicks
 The authority to create regulations leads to 11th-hour changes Last week many reverse mortgage lenders in the Empire State ceased loan originations for both proprietary (private) and federally-insured loans thanks to a slew of new regulations included as part of an Emergency Adoption & Rule Making announced March 5th.

The World Bank Group Examines RM Growth

Shannon Hicks
 Moral hazard, adverse risk selection, and market share examined The World Bank Group examined the global reverse mortgage marketplace in it’s January research paper. While the loan remains characterized as a ‘last resort’ their critical analysis of supply-side challenges, adverse selection, and moral hazards are revealing. Despite these challenges the

Top-Ten Ranked Lender Exits Reverse

Shannon Hicks
 One Reverse Mortgage announces departure from reverse mortgage lending The news of One Reverse Mortgage’s exit from reverse mortgage lending was unexpected news for industry participants. The directive to cease reverse mortgage operations came from the lender’s parent company Quicken Loans. One Reverse Mortgage ranked in the top 10

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