Reverse Focus Weekly Podcast Episode #265
In this week’s Reverse Focus podcast, Shannon Hicks discusses the largest year-over-year gain in home prices for the month of May, rising 12.2% compared to year ago levels. The data, according to CoreLogic, also forecasts continued growth in the summer months ahead.
A reverse mortgage may help some retirees avoid impoverishment depending on the financial assets and home equity of an individual, according to an article from The Mortgage Professor Jack Guttentag, who outlines various scenarios examining the benefits of the home equity-tapping loans.
Also discussed, several types of mortgage bonds were trading at their lowest prices of the year in June, following a “nose dive” in trading prices for U.S. home loan bonds without government backing. The result, according to Hicks, has left some investors nervous and backing away from mortgage bonds.
Lastly, Hicks discusses the issuance of HREMICs—or the real estate mortgage investment conduits that comprise reverse mortgage securities—have been on a steady rise, increasing 17% during the first half of this year, totaling about $3 billion during that period..
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Talking Points:
- Home prices surge in May
- Avoiding impoverishment with reverse mortgages
- Mortgage bonds trading at lowest price levels
- Investors and reverse mortgage securities
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Editor’s Note: These posts are sponsored by Reverse Focus.
