Items Tagged with 'REVERSE MORTGAGES'

ARTICLES

  • Reverse mortgage volume plunges 31.4%

    Industry sees second consecutive month of 14-year lows
    The reverse mortgage program can't seem to find its footing in the wake of program changes issued in October 2017. Since the endorsement totals began to reflect the new guidelines, volume has been shaky, but so far, December takes the cake, closing out with a steep 31.4% decline – a low the industry hasn't seen since January 2004.
    Read More
  • Reverse mortgage industry reacts to David Stevens' criticism

    "The observations and approach are out of date"
    David Stevens – the former head of the FHA and the MBA – made some scathing remarks about reverse mortgages last week that sparked heated criticism from members of the industry. HECM professionals say Stevens' remarks fail to acknowledge program changes that have already taken place, calling his comments disappointing and dated.
    Read More
  • How to close an FHA-backed reverse mortgage

    Sales pro offers tips for mastering the art of HECM origination
    Reverse mortgages are somewhat complicated loans designed for older borrowers, and this means that originating them requires a special touch – one that John Luddy has down pat. Known to many in the reverse space for his clever tips for connecting with senior borrowers, Luddy sat down with ReverseReview to share three of his most common roadblocks to closing a HECM and ideas on how to overcome them.
    Read More