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Items Tagged with 'PROPRIETARY REVERSE MORTGAGES'

ARTICLES

  • Here's where HECM originators see opportunity in 2019

    Reverse professionals share their focus in the year ahead
    There’s no disputing that it’s been a rough year for the reverse mortgage industry, with volume recently falling to a low the industry hasn’t seen in 14 years. But now that program changes issued in October 2017 are firmly in the rearview, some HECM originators are ready to charge ahead, optimistic about the promise for better business in the year ahead.
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  • Reverse mortgage industry reacts to FHA’s hint at future policy changes

    Last week’s actuarial report suggests more change is on the horizon
    Last week, FHA’s 2018 Report to Congress revealed the HECM portfolio’s continued drain on the MMI Fund. While the agency said it was optimistic past policy changes would improve the program, it also suggested more change is coming for HECMs. While this wasn’t exactly welcome news for an industry that can’t seem to catch its breath, reverse execs offered a measured response to FHA’s report.
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  • Finance of America Reverse rebrands as retirement solutions provider

    Announces partnership with home sharing service Silvernest
    Reverse mortgage lender Finance of America Reverse has announced it is rebranding as a provider of retirement solutions dedicated to helping people "get to work on retirement." FAR President Kristen Sieffert said the move is essential to change the conversation about reverse mortgages, stating that, "It's critical that we become more than a just a lender."
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  • Proprietary reverse mortgages essential to helping more homeowners access equity

    Expert panel predicts more products will emerge to fill HECM's void
    Proprietary reverse mortgages are key to helping American homeowners unlock the wealth in their homes, and we'll likely see more of them come to market, said panelists at NRMLA's annual meeting on Monday. "Ultimately, what we're trying to do is create solutions for borrowers and give them flexibility and choice," said Jonathan Scarpati, vice president of wholesale at Finance of America Reverse.
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  • Insiders reveal latest HECM counseling trends

    Speakers at NRMLA conference shed light on what’s in the pipeline for HECM lenders
    In two separate sessions that discussed reverse mortgage counseling, insiders revealed emerging trends that shed light on what’s coming down the pipeline for HECM lenders. At NRMLA’s annual meeting Monday, panelists from three different counseling agencies reported on the trends they’re witnessing, while HUD’s John Olmstead revealed HECM counseling stats.
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  • Finance of America Reverse unveils proprietary reverse mortgage HELOC

    Introduces HomeSafe Select, the latest addition to its proprietary suite
    Finance of America Reverse released yet another addition to its suite of proprietary reverse mortgages, unveiling Friday the HomeSafe Select. Unlike other non-agency reverse mortgage loans on the market, the HomeSafe Select offers borrowers access to 25% of their proceeds upfront, with the remainder available in a growing line of credit.
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  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
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  • Liberty’s Michael Kent on the challenge – and the promise – of the reverse mortgage market

    “There is still significant opportunity in the future for our industry”
    No. 4 on the Top HECM Lender list, Liberty Home Equity Solutions is all in on reverse mortgages. It’s optimism about the HECM market is personified by its president, Michael Kent, whose cheery, ardent belief in the product means that talking to him about reverse mortgages can have the unintended side effect of also making you a proponent of reverse mortgages.
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  • It’s been one year since HUD shook up the reverse mortgage industry

    With 10/2 program changes firmly in the rearview, how did the industry fare, and what’s ahead for players in the space?
    Tuesday marked exactly one year since HUD implemented HECM program changes in a move that took lenders by surprise and drastically impacted the reverse mortgage business. It’s been a rocky year as originators attempted to adjust to the new normal, and it seems no one got out unscathed. Will product innovation help the industry find its footing, or will another round of program changes knock it off its feet?
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  • Ratings agency forecasts proprietary reverse mortgage boom

    Publishes paper with 5 things investors should know
    The reverse mortgage industry has seen a number of proprietary products hit the market this year, and Kroll Bond Rating Agency is betting on their success. In its report, titled “Five Things to Know About Reverse Mortgages,” KBRA says reverse mortgages require analytical considerations that can differ significantly from forward mortgages. Here's what it said investors should know.
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