The new policy regarding Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) announced last week by Ginnie Mae may not be a game-changer when taking stock of longstanding back-en… Read More

Top warehouse lender Texas Capital Bank (TCB) filed a lawsuit on Wednesday in the U.S. District Court for the Northern District of Texas against Ginnie Mae, alleging that the government-owne… Read More

Federal Housing Administration (FHA) Commissioner Julia Gordon once again offered the reverse mortgage industry a rock-solid commitment to the Home Equity Conversion Mortgage (HECM) program… Read More

In late 2019, the National Reverse Mortgage Lenders Association (NRMLA) held its Annual Meeting and Expo in Nashville, Tenn. The event was considered a success by both the association and at… Read More

As the reverse mortgage industry continues its adjustment to the current rate environment and new Ginnie Mae issuer landscape, volume dipped while issuance rose slightly in September. Hom… Read More

The National Reverse Mortgage Lenders Association (NRMLA) on Thursday announced that David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S.  Depart… Read More

The late 2022 bankruptcy of leading reverse mortgage industry lender Reverse Mortgage Funding (RMF) is continuing to have an impact on the wider industry. A long-lasting mechanical impact of… Read More

If you listen to the more traditional mortgage voices, they are talking about untapped markets and underserved clients. They talk about how a reverse mortgage can improve the lives of people… Read More

Presented by Structured Finance Association: Delivered daily by 8 a.m., Morning Money examines the latest news in finance politics and policy. Aug 08… Read More

Finance of America Companies (FOA), parent company of reverse mortgage industry-leading lender Finance of America Reverse (FAR), recorded a net loss of $221 million in the second quarter of… Read More

The first quarter-and-a-half of 2023 has been a wild ride. We have seen huge fluctuations in production, mergers, acquisitions, new entrants into the reverse mortgage space, and less than gr… Read More

Ginnie Mae announced on Thursday that it has reduced the required minimum size from $1,000,000 to $250,000 for all Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) pool types… Read More

Ginnie Mae issued a statement on on December 28 regarding its seizure of bankrupt lender Reverse Mortgage Funding (RMF)’s servicing operation. The statement reiterated Ginnie Mae&rsquo… Read More

In part 1 of an RMD Q&A with the former president of the Government National Mortgage Association (GNMA, or “Ginnie Mae”) Ted Tozer, he discussed the posture of the Home Equi… Read More

Ocwen Financial Corporation, parent company to PHH Mortgage Corporation and its subsidiary, Liberty Reverse Mortgage, posted a net loss of $40 million for Q1 2023, an improvement from the $8… Read More

The Federal Housing Administration (FHA) announced on Tuesday that it has drafted a proposed Mortgagee Letter (ML) designed to lower the pre-review threshold for Home Equity Conversion Mortg… Read More

Reverse mortgage servicing company Celink has renewed a multiyear subservicing contract agreement with leading industry lender Finance of America Reverse (FAR). Specific terms of the deal, i… Read More

The Federal Housing Administration (FHA) on Wednesday published the “Adjustable Rate Mortgages: Transitioning from LIBOR to Alternate Indices” final rule in the Federal Register… Read More

As the reverse mortgage industry works to find new borrowers following a decline in HECM-to-HECM refinance opportunities, home equity conversion mortgage (HECM)-backed securities (HMBS) payo… Read More

Performance metrics for the reverse mortgage industry were down once again at the end of 2022 as the industry worked to find its new normal. Home Equity Conversion Mortgage (HECM) endorse… Read More

A post-mortem on RMF shows that a perfect storm of financial calamity resulted in the fifth-largest reverse mortgage lender declaring Chapter 11 bankruptcy. Four days before Thanksgiving… Read More

While it had been speculated that an FHA hiccup may have contributed to September’s recorded drop in reverse mortgage endorsement data, figures for October indicate that such an impact… Read More

The Federal Housing Administration (FHA) on Wednesday published a new, long-awaited proposed rule regarding the Home Equity Conversion Mortgage (HECM) program’s transition away from th… Read More

In what is likely to be some welcome news after a tough August that saw reduced volume, lender layoffs and tough earnings calls, reverse mortgage volume appears to have picked up in the fina… Read More

Industry analysts have long described that the industry was moving to the other side of a reverse mortgage refinance boom, and it appears that the end is here. Home Equity Conversion Mort… Read More

Top 10 reverse mortgage lender HighTechLending (HTL) announced this month that it has created a new television commercial slated to run on national networks, featuring company president Don… Read More

Members of the executive committee of the National Reverse Mortgage Lenders Association (NRMLA) welcomed members back to in-person events for the first time since November 2019, lauding the… Read More

While reaching an all-year high for 2021 in December, January 2022 pushed total reverse mortgage industry volume even higher. Now, while recording a slight dip, business levels still remain… Read More