Reverse

Reverse

ReverseReview is a beat dedicated to reverse mortgages and home equity use.

Jessica Guerin is an editor at HousingWire covering reverse mortgages and the housing wealth space. She worked previously as the editor-in-chief of The Reverse Review Magazine, and leads HW's charge into covering the housing wealth and HECM market.

ARTICLES

  • FHA raises reverse mortgage loan limits

    Brings limit up to 726,525 in 2019
    The Federal Housing Administration has increased the maximum claim amount for reverse mortgages for the third consecutive year, announcing Friday that it will raise HECM claim amounts to $726,525 in 2019. What does this mean for the HECM?
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  • More borrowers turn to proprietary reverse mortgages

    Lenders report growing interest in non-agency reverses
    For years, 95% of the reverse mortgage market has been dominated by the FHA's HECM offering. But it looks like that's about to change. Now, borrowers can take a reverse mortgage on a higher priced home and choose from a selection of products with a number of interesting features offered by five different lenders, and lenders say consumer interest is strong.
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  • HECM margins remain stable at 1.98%

    Reverse mortgage lenders find balance after a tough year
    Margins on adjustable-rate reverse mortgage loans averaged 1.98% in October, according to HECM analytics provider Baseline Reverse. "We continue to see stabilization around the 2% margin as the market appears to have found its competitive footing," said Baseline President Dan Ribler.
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  • Do reverse mortgages have occupancy issues?

    When someone other than the borrower lives in the home, the FHA may unknowingly be footing the bill
    Reverse mortgage borrowers must sign a form every year to confirm that they are living in the property, but without anyone physically verifying that it is, in fact, the borrower signing the form, there's bound to be fraud, and it could be costing the FHA's insurance fund millions.
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  • HUD Inspector General: Department has serious management challenges

    Report says problems plaguing the agency are costing taxpayers millions
    The Department of Housing and Urban Development is facing serious management challenges that are causing longstanding performance and accountability issues. An annual report released by HUD's Office of Inspector General outlines the top six management challenges facing the agency in 2019, and the details aren’t pretty.
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  • The Federal Savings Bank: "HECM origination is an outdoor sport"

    Bank coaches LOs on how to build referral networks
    In the wake of major HECM program changes, The Federal Savings Bank has decided to double down on its commitment to growing referral networks. The bank provides its LOs with the technology and coaching they need to connect with other professionals about the product, encouraging them to hit the pavement to build their business.
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  • Americans now have less equity to tap

    Tappable equity falls for the first time since the market's recovery
    According to the latest report from Black Knight, tappable equity on mortgaged properties is now $5.9 trillion – down from last quarter’s record-breaking $6 trillion. American homeowners with a mortgage lost about $2,300 in equity this quarter and now have $136,000 available to tap as a slowdown in home price appreciation dampens growth.
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  • Here's where HECM originators see opportunity in 2019

    Reverse professionals share their focus in the year ahead
    There’s no disputing that it’s been a rough year for the reverse mortgage industry, with volume recently falling to a low the industry hasn’t seen in 14 years. But now that program changes issued in October 2017 are firmly in the rearview, some HECM originators are ready to charge ahead, optimistic about the promise for better business in the year ahead.
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  • Home price appreciation is slowing down

    Equity is still climbing, just not as fast as before
    The average homeowner gained $12,400 in equity in one year's time, according to CoreLogic's Home Equity Report for the third quarter of 2018. And while that's not exactly nothing, it's the smallest annual increase in two years, reflecting a slowdown in home price growth.
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