Retail funded-loan count rose 33% from the first quarter with stable sales capacity, while proprietary products gained traction by offering some borrowers more cash than HECMs
Tagged: Reverse Mortgages
Homeowners age 62 and older hold $14.92 trillion in housing wealth, but lenders still face the challenge of turning equity into production
HomeSafe Second expands into four additional markets, giving loan officers another option for equity-rich homeowners who want to preserve low-rate first mortgages
Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership
GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring
Deal adds marketing and branding capabilities to Reverse Focus’ existing reverse mortgage software and content platform
Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs
New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments
Fairway Home Mortgage and the National Association of Insurance and Financial Advisors have launched a new educational certification component to train advisors on integrating housing wealth and reverse mortgage strategies into retirement planning