Friday Round-Up: Reverse Mortgage Research Guide, 2016’s Sluggish Volume

In case you missed it, here’s what happened in reverse mortgage news this week:

The Most Critical Reverse Mortgage Research All in One Place—To help originators facilitate conversations with financial advisers, seniors and their influencers, RMD compiled the most critical financial planning research on reverse mortgages in recent years—all in one easily accessible resource.

Are Reverse Mortgages Experiencing a Sea Change?—For reverse mortgages, often the phrase has come to mind: The only true constant is change itself. For the last four years, the industry has seen change after change after change. But for the first time in the long time, that phenomenon itself is changing.

BNY Mellon Bullish on Reverse Mortgage Growth in 2016—Nearly one year after launching its reverse mortgage operations, Bank of New York Mellon is confident 2016 will be the year Home Equity Conversion Mortgages become a household name in retirement planning and the broader financial marketplace.

Judge Orders Compensation for Chicago Reverse Mortgage Scam Victims—An Illinois circuit court judge recently ordered a Chicago businessman behind a reverse mortgage scam to cease all business operations and to compensate several victims affected by the scheme in the amount of $340,000.

Reverse Mortgage Volume Off to Sluggish Start in 2016—If the reverse mortgage industry is a car, the road following the Financial Assessment has been a hilly one shaped by various peaks and valleys. But although April 27, 2015 continues to fade farther away in the rear view mirror with each passing month, the resonant impact of FA continues to drag down industry volume even now at the start of 2016.

Written by Jason Oliva

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