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
Continue readingWhy 8% 30-year fixed rates may benefit reverse lending
The Big Shift in HECM Lending has Begun
Recent data reveals a major market shift is underway
Continue readingMarket Downside = Opportunity
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Opportunities are Created in a Down Market
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It’s been a double hit for many. First the elimination of the popular federally-insured Standard fixed rate product in April and this month…the elimination of all existing products for one with first year restrictions on distributions. It’s a new age in reverse mortgage lending. One where competition is down and opportunity is up for those who adjust to the new product environment. The immediate impact of product eliminations is being felt as endorsements were down 16% after the April 1st elimination of the Standard Fixed Rate. What will our numbers look like three months from now for loans closed post October 1?
Those impacted the most in the wake of the Standard Fixed Rate elimination are those whose business model was heavily vested in fixed rate loans. Those with more a more diverse source of loans faired better…
Interview with Sarah Hulbert of 1st Reverse Mortgage USA: Industry Image and Future
Exclusive interview with 1st Reverse Mortgage USA’s Sarah Hulbert discussing industry image, regulation, industry volume and marketing.
Continue readingNew! Improved Industry Leader Update video
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Reverse Mortgage Market Increase
This month there was a market increase in reverse mortgage production. We’re still down from last year, but we are beginning to see signs of recovery.
NEW Video: Industry Update #2
The Reverse Fortunes weekly video recap updating reverse mortgage professionals on industry changes in the reverse mortgage marketplace. Return here each Friday for new videos.
