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
Americans have seen as much as a 64% increase in average levels of home equity since 2018, rising to $29.3 trillion.
But interest rates and tighter lending standards for more traditional… 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
Top 10 reverse mortgage lender Liberty Reverse Mortgage, a division of PHH Mortgage Corporation, has been named a 2023 affiliate of the year by the National Association of Mortgage Brokers (… Read More
Below is a comprehensive list of what we do and how we differentiate ourselves from other banks, broker’s and credit unions…Any questions, please contact us.
Residential Financi… Read More
The Government National Mortgage Association (Ginnie Mae) on Friday announced a new policy for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, now allowing the s… Read More
A survey of over 1,000 U.S. adults conducted by GOBankingRates found that if not for the presence of the Social Security program, nearly one in four adults would not have any retirement plan… Read More
Alanna McCargo, President of Ginnie Mae, has been added to the lineup of speakers scheduled to appear at next month’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeti… Read More
The National Association of Mortgage Brokers (NAMB)’s national conference concluded on Monday in Las Vegas, and featured a more substantive reverse mortgage presence this year owing to… Read More
Reverse mortgage borrowers who are taking advantage of the product’s standby line of credit feature could actually see a benefit from higher interest rates, since they often have a gro… Read More
Nearly three-quarters (74%) of respondents in a Mutual of Omaha survey report that they have little or no knowledge about reverse mortgages, with others revealing misconceptions about how ex… Read More
If you’ve attended any of the events put on by the National Reverse Mortgage Lenders Association (NRMLA) over the past several years, chances are you have run into Jim Milano.
Mila… Read More
During his internship with Owyhee Produce, Diego Chapa oversaw the delivery of more than 7.5 million pounds of onions, which he checked and scanned into inventory. (Courtesy photo)Texas Bord… Read More
A wide array of U.S. federal agencies are descending on the Hawaiian island of Maui as relief begins pouring in following a devastating set of wildfires that completely destroyed the popu… Read More
Ellington Financial (NYSE:EFC), the parent company of leading reverse mortgage lender Longbridge Financial, reported net income attributable to common stockholders of $2.9 million, or $0.04… Read More
Recent data shared at the National Reverse Mortgage Lenders Association (NRMLA) Southern Regional Meeting in Austin, Texas has helped shine a light on the persistent educational challenges t… Read More
The Federal Housing Administration (FHA) this week published Mortgagee Letter (ML) 2023-15, which implements changes to the FHA for instances of anticipated or actual default of a lender&rsq… Read More
The Federal Housing Administration (FHA) announced on Thursday that it has posted a new draft Mortgagee Letter (ML) to its single-family “drafting table” which, if implemented, w… Read More
Reverse mortgage industry professionals who wish to keep informational resources at their fingertips have a variety of options, from servicing companies to the industry trade association dow… Read More
After facing staffing issues with during and after the pandemic, Federal Housing Administration (FHA) officials said staffing to service the reverse mortgage loan portfolio held by the U.S… Read More
Older Americans tend to have higher credit scores, but other factors can lead to denying an older client a mortgage loan, according to an analysis of the trend by MoneyWise.
According to… Read More
So far, the reverse mortgage endorsements in 2023 are at roughly one-third of the total seen last year. However, there has been an uptick in Home Equity Conversion Mortgage (HECM) for Purcha… Read More
In addition to inflation and student loan balances suppressing the homebuying potential of the millennial generation, baby boomers’ fortunes — especially as the pandemic balloone… Read More
Multi-channel mortgage lender CrossCountry Mortgage (CCM) announced that it is expanding its reverse mortgage division by making additional investments, resulting in what it calls “enh… Read More