Items Tagged with 'REVERSE MORTGAGE FUNDING'

ARTICLES

  • Hey homebuilders, you need to learn about this little-known reverse mortgage product

    Here’s why the HECM for Purchase is crucial to tackling affordability problems for the 55+ market
    The 55+ housing market is hot right now, with builders and developers reporting significant demand across the country. But while the sector's performance right now is solid, looming affordability concerns threaten to dampen its growth. For those who want to remain competitive in this environment, a little-known reverse mortgage product could be the answer.
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  • The problem with getting a reverse mortgage on a condo

    With FHA spot approval a distant memory, originators struggle to help condo owners secure a HECM
    Ever since the FHA eliminated spot approvals for condominiums, reverse mortgage originators have logged countless hours helping prospective borrowers secure a HECM on their condo – sometimes to no avail. And, with HUD dragging its feet on finalizing rules that would bring back spot approval for FHA loans, it doesn't seem like things will change any time soon. Will non-agency reverses provide the answer?
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