The top reverse mortgage news stories for April 6, 2020 Secondary market pricing turbulence cuts profitability Two proprietary reverse mortgages pulled Nationwide expands its private reverse mortgage offering Mortgagee Letter 2020-06 provides protections for HECM borrowers Massachusetts face-to-face counseling law to be modified due to coronavirus pandemic
The lessons to be learned from the growth of alternate mortgage products Late in the Fall of 2018 traditional mortgage brokers scrambled for new ways to generate loan volume as average home mortgage rates spiked. In late 2018 refinance transactions began to fall leading many brokers to focus more on
Reverse Mortgage loans without government backing? One mortgage banker says we need this sooner than later.