Items Tagged with 'LIVE WELL FINANCIAL'

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.
    Read More
  • Is the FHA about to raise the HECM lending limit?

    And what would this mean for reverse mortgages?
    Last week, the FHFA raised conforming loan limits for Fannie Mae and Freddie Mac, leaving some to wonder if an increase in HECM loan limits from the FHA will follow. If the FHA opts to increase the limit for the third consecutive year, it could be raised by about $46,000 to $726,525. How will this impact HECMs and what will it mean for the developing proprietary market?
    Read More
  • Committee tracks impact of FHA’s second appraisal rule

    Collects lender data looking for clues on FHA’s methods
    Members of the HUD Issues Committee within the National Reverse Mortgage Lenders Association are taking a deep dive into the Federal Housing Administration’s second appraisal rule for select HECM loans. “We are tracking what we think are key elements to see if we can’t figure out where some of the problems may lie,” said Committee Chair Elly Johnson. Here’s what they’ve uncovered so far.
    Read More
  • Latest reverse mortgage data points to continued recovery

    Both wholesale and retail channels see growth
    For the first time since the last year’s program changes kicked in, the HECM industry saw growth in both its retail and wholesale channels, according to the latest report from Reverse Market Insight. RMI President John Lunde said the data "sets the stage for future growth and recovery."
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • Mastering the art of HECM origination

    Top trainers share tips for finding success in reverse
    Reverse mortgages are not your average loan product. They cater to a specific segment of borrowers and often require a lengthy and consultative sales approach. To decipher what it takes to find success in this field, we’ve polled the industry’s leading trainers for their five best tips on what it takes to be a top-tier HECM LO.
    Read More
  • Live Well Financial bets big on tech

    Plans to launch enhanced platform to streamline forward and reverse lending
    Whether they’re buying a car or refinancing a house, consumers want immediate information about their transaction at their fingertips. Acutely aware that mortgage shopping is no different, Live Well Financial is bankrolling a major upgrade in its lending platform in a bid to create a better, faster more automated experience for its customers and its originators.
    Read More
  • HECM data suggests worst may be over

    Volume sees second month of consecutive growth
    Reverse mortgage endorsements rose 9.9% from July to August, according to the latest data from analytics firm Reverse Market Insight. The slight uptick marks the second month of growth for the industry, and it may be a sign that the market is finally forging a path toward recovery.
    Read More