Items Tagged with 'PROPRIETARY REVERSE MORTGAGES'

ARTICLES

  • 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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  • HECM volume inches upward

    Latest data shows signs of slow recovery
    It’s been a tough year for the reverse mortgage space. Next week marks the one-year anniversary of the implementation of changes to the HECM program that shook the industry to its core, significantly slashing loan volume. But the latest report from analytics provider Reverse Market Insight shows that recovery is in the works, even if the pace is slow.
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  • Finance of America Reverse introduces first-ever second-lien reverse mortgage

    HomeSafe Second lets borrowers tap equity, keep their mortgage
    Finance of America Reverse released a new version of its proprietary reverse mortgage product, unveiling the HomeSafe Second – the first jumbo reverse mortgage to allow homeowners to retain an existing mortgage lien. The move is the next phase of FAR’s strategy to provide homeowners with more ways to tap their equity and help reverse mortgages seep into the mainstream.
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  • HECM counselors see volume pick up

    With business nearly back to normal, counselors report jumbo interest and margin variation
    Before you can get a reverse mortgage, you have to submit to financial counseling. And that’s why talking to HECM counselors can be a great way to gauge what’s in the pipeline and identify emerging trends. ReverseReview reached out to two certified counselors to learn about what they're seeing right now.
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  • Confused about proprietary reverse mortgages? Read this

    If you're wondering how the new products compare, we’ve got you covered
    In the last several months, the reverse mortgage space has seen a handful of new proprietary loans come to market. Now, an industry that once dealt with a single product has a whole menu to choose from. We break down the details so you can see how the new products compare.
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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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