Items Tagged with 'HECM'

ARTICLES

  • HECM professionals to gather in Texas for Reverse Mortgage Day

    Annual conference will focus on origination strategies
    As the reverse mortgage industry navigates a market in distress, HECM professionals will gather at the 19th annual Reverse Mortgage Day. Set in Austin next month, this year’s event will address issues affecting the industry and explore ways originators can succeed in this challenging climate.
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  • Most seniors want to age in place

    And reverse mortgages are uniquely positioned to help make it happen
    Nearly 90% of homeowners approaching retirement want to stay in their homes as they age, according to AARP. And that massive statistic is the single best marketing tool a reverse mortgage professional can use. The aging-in-place movement is upon us, and it is huge.
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  • Longbridge Financial goes 'Platinum'

    Launches new proprietary reverse mortgage offering borrowers greater flexibility
    Longbridge Financial jumped on the proprietary reverse mortgage bandwagon Monday with the official launch of Platinum. Billed as a more flexible product than FHA's product, Platinum is a fixed-rate, full-draw loan designed to cater to borrowers with high home values who want access to cash up front at a low cost.
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  • Who’s the average reverse mortgage borrower?

    Data sheds light on who takes a HECM
    No longer a loan of last resort, reverse mortgages are increasingly considered a useful tool for retirement income planning. Recent data from the National Reverse Mortgage Lenders Association paints a picture of who takes a HECM.
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  • One Reverse Mortgage launches proprietary product

    Say hello to HELO
    One Reverse Mortgage, a subsidiary of Quicken Loans, has joined the growing number of lenders with private reverse mortgage offerings. Its new HELO product provides borrowers access to up to $4 million of their equity and comes with fewer restrictions than the FHA product.
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  • Would a reverse mortgage by any other name smell… sweeter?

    Maybe the name is holding the product back
    It comes as a surprise to…well, no one, that reverse mortgages come with some deep-seated negative connotations attached, which is why the industry has long debated the so-called “name problem.” Unfortunately, an issue like this is kind of a hard one to get around.
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  • The Funding Longevity Task Force wants YOU… to know about reverse mortgages

    And they’ve just added two new members to help spread the word
    Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. This is the founding principal of the Funding Longevity Task Force, a team of financial planning experts and academics who are committed to promoting research about the various ways reverse mortgages can be used to improve one’s financial outcome in retirement.
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  • HELOC or HECM, what's your choice?

    For the 62-plus set, the HECM could be a better option
    For older adults looking to retire and ditch that mortgage payment, a HECM could be the more advantageous. But compared with the overall HELOC market, the HECM market is tiny. Reverse mortgage originators haven't been able to crack the bias that has turned consumers away from the product.
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