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

Industry performance rose in August, but both raw endorsement volume and securities issuance performance come with notable asterisks. Home Equity Conversion Mortgage (HECM) endorsement vo… 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

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

The reverse mortgage industry’s performance data for the month of July is out, and it’s a tale of two sides: the volume of new HECM endorsements going up, while securities issuan… Read More

While the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in June was at the highest point for 2023. While that’s generally… 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

Investment bank and financial services company Credit Suisse last week reiterated its coverage of stock in Finance of America Companies (FOA) with a “neutral” recommendation, acc… Read More

Although most of the dust has settled in the bankruptcy declaration by former reverse mortgage industry leader Reverse Mortgage Funding (RMF), the State of Hawaii alleges it is owed years of… Read More

Ocwen Financial Corporation, parent company of PHH Mortgage Corporation and leading industry lender Liberty Reverse Mortgage, posted a net profit of $15 million in the second quarter of 2023… Read More

As the merger transactions for companies like American Advisors Group (AAG), Finance of America Reverse (FAR) and Cherry Creek Mortgage played out in March, reverse mortgage endorsement volu… Read More

The reverse mortgage industry is continuing to adjust to a new normal, but industry professionals maintain optimism, even if the adjustment period proves to be a difficult one. While expe… 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

After the boom of HECM-to-HECM (Home Equity Conversion Mortgage) refinance activity dried up in 2022, the reverse mortgage industry has struggled to regain the ground it lost. While March sa… Read More

The reverse mortgage industry is settling into “a new normal,” as business activity at the start of 2023 is expected to be lower compared to the two years prior. According to… Read More

The reverse mortgage market continues to adjust to a new normal after the downturn in the refinance boom and the exit or consolidation of multiple top 10 lenders in the space. Home equity… 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

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

After enduring a sharp reduction in loan volume over the past several months, along with the bankruptcy of a leading lender, the reverse mortgage industry was rocked again with the news that… Read More

Ginnie Mae assumed control of the servicing operation of bankrupt reverse mortgage lender Reverse Mortgage Funding this week, as first reported by Institutional Risk Analyst (IRA). However… Read More

Rising rates may begin to be having their first effects on the activity of the reverse mortgage industry, based on the latest industry performance metrics for the prior month and according t… Read More

Analysts have warned for months that the loss of the Home Equity Conversion Mortgage (HECM)-to-HECM (H2H) refinance boom has necessitated a renewed push toward finding new-to-reverse custome… Read More

Home Equity Conversion Mortgage (HECM) endorsements in March ticked upward in March, rising 3.8% to 4,220 loans. It is yet another month recording over 4,000 loans, marking another increase… Read More

Florida-based mortgage services company Ocwen Financial — the parent company of top 10 reverse mortgage lender Liberty Reverse Mortgage — recorded a pre-tax loss of $26 million i… Read More

Home Equity Conversion Mortgage (HECM) endorsements jumped sharply again in October 2021 by 16.3% to 5,029 loans, breaking the 5,000 loan threshold for the first time since industry volume b… Read More

On today’s episode, Editor in Chief Sarah Wheeler talks with Chris Clow, the editor of Reverse Mortgage Daily, about the increased volume of reverse mortgages in March and the implic… Read More

Home Equity Conversion Mortgage (HECM) endorsements increased in May, rising 3.9% to 4,350 loans. It is yet another month recording over 4,000 loans, marking a notable rise over the very sli… Read More

Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists o… Read More

Home Equity Conversion Mortgage (HECM) endorsements remained relatively stable at recently-high levels in September of 2020, recording a drop of only 1.75% to 3,937 loans. This marks the fir… Read More

Coming off a particularly hot February, issuance of HECM mortgage-backed securities (HMBS) saw a relatively weak March with issuers creating approximately $639 million in new HMBS pools… Read More