Jessica Guerin

Jessica Guerin

Jessica Guerin is an editor at HousingWire covering reverse mortgages and the housing wealth space. She is a graduate of Boston University and has a master’s degree from Northwestern’s Medill School of Journalism. She worked previously as the editor-in-chief of The Reverse Review magazine, which was recently acquired by HousingWire.

ARTICLES

  • Reverse mortgage securities continue decline

    Issuance totals highlight liquidity concerns
    The latest data on HECM-backed securities shows issuance continued its decline in October, and while HMBS float last month was up slightly to $55.5 billion, most of that can be attributed to highly seasoned collateral and not to new production. This means that it’s only a matter of time before HMBS float falls below the $55 billion mark – a vector that indicates less liquidity for investors.
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  • Monday Morning Cup of Coffee: Nation honors veterans while wildfires ravage California and Trump tweets incite anger

    Plus, Amazon H2Q speculation sends ripples through real estate markets
    Today, the nation honors the 20 million American veterans who have fought for their country on the 100-year anniversary of the armistice of World War I. Also, as intense wildfires continue to ravage California, President Donald Trump tweets that mismanagement has led to the destruction, inciting a flurry of criticism. We’ve got all that and more in your Monday Morning Cup of Coffee.
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  • Reverse Focus launches website development service for HECM LOs

    Offers customizable sites designed to enhance marketing and lead generation
    Mortgage solutions company Reverse Focus has announced the launch of its website service for reverse mortgage originators. Myloanofficer.us offers “turn-key, power-packed” websites designed for HECM LOs who are looking to market their services, elevate their online presence and expedite lead generation.
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  • Appraisal experts: Here’s how you can best prepare your borrower

    Set expectations, and if they must appeal, bring solid comps
    Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from two appraisal management companies recently discussed how to best prepare a borrower for an appraisal the National Reverse Mortgage Lenders Association conference in San Diego, and here’s what they said.
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  • Number of equity-rich properties soars to new high

    14.5 million mortgaged properties have 50% or more equity
    The number of mortgaged properties in the U.S. that are equity-rich has soared to 14.5 million – a new high, according to the latest report from ATTOM Data Solutions. The report shows that 25.7% of all properties with a lien are equity-rich, meaning the homeowner has at least a 50% equity stake.
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  • Homeownership investment company Unison expands reach

    New partnership makes 5% down program available to more homebuyers
    Unison Home Ownership Investors aims to give homeowners and buyers access to cash for the opportunity to share in their home appreciation. In business for more than a decade, the company has been a pioneer in the homeownership investment category. Now, it’s growing into new markets through a new partnership with Goldwater Bank.
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  • Reverse Mortgage Funding: More financial advisors are recommending HECMs

    Lender ramps up education to help partners connect with advisors
    The reverse mortgage industry has been working for years to connect with financial advisors to teach them about the valuable role home equity can play in retirement income planning. Now, leading HECM lender Reverse Mortgage Funding says the effort is finally paying off. RMF says it has seen a significant uptick in interest from advisors and its investing sizable resources into helping its originators build this channel of business.
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  • Resolute Bank returns to grassroots to build HECM business

    Builds collaborative corporate culture to promote relationship marketing
    It’s been a hard year for the reverse mortgage industry, and like other lenders in the space, Resolute Bank has used the down market to rethink its business strategy. In the wake of program changes, the reverse team at Resolute took a good look at its business structure and decided it was time to return to grassroots.
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  • Reverse mortgage market closes out October with positive gains

    But analyst warns recovery will be slow and uneven
    Reverse mortgage volume inched upward last month, continuing its uneven road to recovery after a rough year. According the latest HECM Lenders report from Reverse Market Insight, endorsement volume rose 7.3% in October to 3,091 loans. "We are expecting a very slow and lumpy growth for the foreseeable future in HECM volumes," said RMI President John Lunde.
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  • Cash-out refis haven’t been this prevalent since the financial crisis

    But unconcerned experts say borrowers are extracting less equity than before
    The volume of cash-out refinance loans hasn’t been this high since 2008, but experts at the Urban Institute say that when put into context, there’s no cause for alarm. “In an environment of home price appreciation, people commonly tap into their home equity,” the authors wrote, adding that the total amount of equity cashed out is well below pre-crisis totals.
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