Reverse Mortgage Daily
By multiple counts, the level of untapped home equity in the United States just keeps rising.
Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed.
Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular.
In a report that lays out the dire retirement future facing many Americans, a pair of researchers for a prominent think tank argue that the federal reverse mortgage program requires a significant overhaul in order to serve seniors into the future.
In today’s rocky reverse mortgage landscape, it’s clear that a strong referral network is a major component to success.
A week after releasing bleak data for March, the industry’s top volume-analysis firm indicated that May might signal the nadir of the post-October 2 slump.
Plummeting reverse mortgage origination numbers are a sign of the times in the post-October 2 industry, and a similar trend is brewing on the secondary market.
First, the good news: Year-to-date reverse mortgage originations through March are actually higher than they were this time last year.
The U.S. Department of Housing and Urban Development updated reverse mortgage regulations in 2014 to make it easier for non-borrowing spouses to stay in their homes after the death of the borrower, but problems and confusion over these loans continue.
In light of the weakened state of the reverse mortgage market, Live Well Financial has begun rapidly expanding its forward mortgage operations.