Items Tagged with 'PROPRIETARY REVERSE MORTGAGES'

ARTICLES

  • 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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  • 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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  • Is the future of the reverse mortgage market private?

    Could proprietary products edge out FHA’s HECM?
    There is pretty much one thing everyone is talking about in the reverse mortgage space right now, and it’s the proprietary market. With program changes stifling HECM loan volume, it seems lenders have finally found the push they needed to delve into the realm of private reverse mortgages.
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  • Why reverse mortgages still matter

    Volume is in a slump, but players insist demographics are on their side
    Over the years, reverse mortgages have suffered reputation issues, battled inaccurate news coverage and adjusted (again and again and again) to new regulations. Yet, the industry persists. Talk to any reverse professional and they'll tell you why: It’s the demographics, and the numbers don’t lie.
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  • Reverse mortgage volume falls to 13-year low

    Despite record levels of tappable home equity, program changes have squashed volume
    Reverse mortgage endorsements have dropped 15.5% in June from the previous month, hitting a low the industry hasn’t seen since 2005. To help turn things around, lenders in the space are working to innovate, creating private equity release products that might provide an answer to the industry’s problems.
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