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.
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
“Needs-based” borrowers aren’t the only ones worried about retirement More Americans are having a retirement panic attack. Some never saw it coming. Of course, throughout the decades of our working life we know eventually we need to have the means to retire without income from our job, yet still,
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
Identifying homeowner types is the first step to strategic planning and business growth When it comes to retired homeowners there are movers and then there are remainers to borrow a BREXIT term. What are the impacts of older homeowners’ home buying and relocation habits in qualifying for a reverse