Items Tagged with 'HIGHTECHLENDING'

ARTICLES

  • Reverse mortgages see near-even decline in wholesale, retail

    January data details volume dip
    Reverse mortgage volume dropped 5.7% industry-wide in January, with wholesale and retail experiencing similar declines. According to the latest data from Reverse Market Insight, the wholesale channel fared best with a 5.3% dip, while retail declined 6%. In all, the industry closed 1,649 loans that month.
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  • Reverse mortgage volume soars, but don't be fooled

    143% uptick most likely post-shutdown catchup
    Reverse mortgage endorsements soared 142.7% in February, closing out the month with 4,002 loans, according to the latest data from Reverse Market Insight. But don’t be fooled – it's not the recovery of the industry's dreams, rather a likely result of catch-up after the 35-day government shutdown ground HECM endorsements to a halt.
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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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  • 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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  • HighTechLending: It’s all about leads

    Reverse mortgage lender survives down market with internal lead generation
    When HUD issued changes to the HECM program last year, it made the already elusive quality reverse mortgage lead an even more challenging get, according to HighTechLending President Don Currie. The situation convinced the lender to take matters into its own hands, and so far, the strategy is paying off.
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