One Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill.
Continue readingNew Illinois bill prompted by reverse mortgage home improvement scam
A HECM for Purchase Success Story.
Here’s how one Facebook post helped one couple relocate and purchase their retirement home near the coast of South Carolina.
Continue readingAustralians Told to Monetize Their Home for Retirement
While Australia has one of the most robust government pension programs in the world many Australians are unprepared for retirement not unlike older homeowners in the U.S.
Continue readingF Stands for Fraud…and Family
F is for family and fraud with most elder financial abuse committed by family members.
Continue readingWhy More Boomers are House-Poor
A New York Times column reveals four reasons more Baby Boomers are now house-poor.
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.
Other Stories:
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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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The big surprise despite low HECM loan volumes
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EPISODE #811
HECM volume and 1st-time borrowersÂ
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[Reverse Market Insight]
RMI’s Jon McCue reviews recent data that reveals a surprising trends despite depressed HECM endorsement activity. Here’s what he had to say…
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Other Stories:
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- [Housing Wire] Court approves former Live Well employee class action settlementÂ
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- [Housing Wire] Aging in place could transform Chicago’s housing market
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Reverse mortgage borrower information breached in cyberattack
On December 15th mortgage lending giant Mr. Cooper began notifying 14.7 individuals that their personal information was stolen in a Cyberattack that took place between October 30 and November 1. Roughly 32,000 reverse mortgage borrowers had their bank account information compromised in the incident.
Continue readingHigh mortgage rates have homeowners staying put
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EPISODE #771
High mortgage rates have homeowners staying put
[Housing Wire] “Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology…”
Other Stories:
- [Housing Wire ] High mortgage rates have homeowners staying put
- [Reverse Market Insight] The monthly installment of the ‘Market Minute’ with RMI’s Jon McCue
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[Reverse Mortgage Daily] RMD commentary: Industry growth requires a new message
   
SVB’s collapse and U.S. Treasury volatility
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EPISODE #766
U.S. Treasuries yields fall in wake of bank collapse
What’s going on with U.S. Treasuries and the 10-year CMT?
Other Stories:
- [CNBC] What’s going on with U.S. Treasuries and the 10-year CMT?
- [News from around the Industry] Reverse Mortgage News Roundup
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[Reverse Market Insight] RMI’s Market Minute
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