| Date | Title | Description |
| 29.09.2024 | The Changing Landscape of Reverse Mortgages: A Dual Perspective | The world of reverse mortgages is evolving. Recent events highlight this shift, showcasing both the challenges and opportunities that lie ahead. Two significant stories from the National Reverse Mortgage Lenders Association (NRMLA) and Sout... |
| 25.09.2024 |
NRMLA honors longtime service as CEO announces retirement | The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era.
The association honored two of its most prominent past and... |
| 24.09.2024 |
High property taxes in Maine? Mayor says to ‘consider a reverse mortgage’ | The mayor of South Portland, Maine, recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potenti... |
| 26.08.2024 |
Rate’s reverse mortgage leader on product specialization and growth | By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership.
Ryan Ogata, Rat... |
| 24.07.2024 |
Reverse mortgage veteran appointed chair of MISMO working group | Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization. MISMO is a subsidiary ... |
| 26.06.2024 |
Finance of America announces debt restructuring, staving off 2025 maturity risk | Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is according to an announcement... |
| 24.06.2024 |
South River president on 2024 reverse mortgage industry’s competitive landscape | Top 10 reverse mortgage industry lender South River Mortgage is aiming to focus on its strengths. In addition to offering a proprietary reverse mortgage product option and transitioning last year from a broker to a direct lender, the compan... |
| 15.05.2024 |
The long road to remote reverse mortgage counseling in Massachusetts | From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients.
But as time ... |
| 29.11.2023 |
Ginnie Mae revises definition of high-balance loans in new guidance | Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Pa... |
| 28.11.2023 |
FHA loan limit increases to $498,257 in 2024 | The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday.
The new FHA loan limits apply to forward mortgages for a one-unit ... |
| 15.11.2023 |
FHA: MMI Fund remains healthy despite mortgage headwinds | The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage Insurance (MMI) Fund, covering FHA’s Title II Single Family ... |
| 15.11.2023 |
Class Valuation acquires AMC Valuation Connect | Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of mortgage technology company Mortgage Connect LP.
Class Valuation acqu... |
| 06.11.2023 |
HUD employees in 2023 feel ‘safer’ and more ‘valued,’ survey finds | Employees at the U.S. Department of Housing and Urban Development (HUD) feel safer, more valued and empowered in their roles at the department. This is according to the 2023 Federal Employee Viewpoint Survey (FEVS) that tracks the sentiment... |
| 01.11.2023 |
NHC, AARP collaborate on advocacy for inclusive, ‘livable’ communities | The National Housing Conference (NHC) and senior advocacy group AARP detailed a collaboration this week to “bring together experts and housing leaders to explore the core aspects of creating vibrant and inclusive communities,” according to ... |
| 03.10.2023 |
Supreme Court appears skeptical of upending CFPB funding in oral arguments | The U.S. Supreme Court seemed reticent to issue a ruling that would dismantle the funding structure of the Consumer Financial Protection Bureau (CFPB) during oral arguments on Tuesday morning.
Payday lending groups, led by the Community Fin... |
| 26.09.2023 |
President Biden, officials and housing groups warn of impending shutdown’s impacts | With the U.S. House of Representatives Republican majority unable to bring government funding measures to the House floor for a vote, federal officials, lawmakers and agencies are preparing for a federal government shutdown that would take ... |
| 21.07.2023 |
Less than 5% of American homes are accessible for the disabled, elderly | The United States is home to a large population of both elderly and disabled people, but only 5% of housing across the country is equipped with features that make them accessible to such individuals.
This was one of the takeaways this week ... |
| 17.07.2023 |
Supreme Court to hear oral arguments in CFPB constitutionality case this October | The United States Supreme Court released its calendar of oral arguments for its 2023-24 term late last week, and is wasting no time in hearing oral arguments in a case that could decide the fate of the Consumer Financial Protection Burau (C... |
| 07.07.2023 |
HAF funds have kept 300,000 people in their homes: U.S. Treasury | The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure,... |
| 05.06.2023 |
Shaun Donovan is named Enterprise Community Partners CEO | Shaun Donovan, the former secretary of the U.S. Department of Housing and Urban Development (HUD) and former director of the U.S. Office of Management and Budget (OMB), has been appointed CEO of Enterprise Community Partners, a national hou... |
| 17.05.2023 |
DataDigest: Boomers and the refi boom reckoning | Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New Yor... |
| 16.05.2023 |
MBA, NAHB urge court to consider impact of CFPB constitutionality decision | A coalition of housing trade groups, including the Mortgage Bankers Association (MBA), National Association of Home Builders (NAHB) and the National Association of Realtors (NAR), have filed a joint amicus brief with the United States Supre... |
| 12.05.2023 |
CFPB makes its constitutionality case to the Supreme Court | The Consumer Financial Protection Bureau (CFPB) filed a brief this week with the U.S. Supreme Court contending that its funding source does not violate the appropriations clause of the U.S. Constitution, despite a recent Fifth Circuit Court... |
| 17.04.2023 |
High mortgage rates incentive for homeowners to stay put: ICE | Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. But while the inventory-lacking market has caused issues... |
| 11.04.2023 |
USDA, FHA to end pandemic-related forbearances on May 31 | Forbearances granted by the U.S. Department of Agriculture (USDA), the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) due to pandemic-related financial hardships will soon come to an end,... |
| 10.03.2023 | ADUs are gaining popularity on the West Coast | The popularity of accessory dwelling units (ADUs) is on the rise across the West Coast. In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. And in California, demand for ADUs is quickly outpacing supply... |
| 27.02.2023 | Supreme Court to hear case challenging the CFPB funding structure | The United States Supreme Court has agreed to hear arguments in a case that will ultimately decide the constitutionality of the funding structure for the Consumer Financial Protection Bureau (CFPB), according to a list of orders released Mo... |
| 22.02.2023 | FHA makes 30 bps MIP cut, mortgage industry cheers | The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums ... |
| 08.02.2023 | Housing affordability is improving, but there’s more work to be done: experts | With a turbulent housing market and a volatile rate environment playing out over much of the past year, concern about housing affordability has hit a fever pitch. Three housing policy experts recently joined HW Media COO Diego Sanchez to di... |
| 08.12.2022 | Inside the collapse of a top reverse mortgage lender | After returning from the Thanksgiving holiday, the roughly 575 staffers at Reverse Mortgage Funding assembled nervously on two separate Microsoft Teams meetings. On the first virtual meeting, 472 employees received the bad news that many ex... |
| 20.10.2022 | Appeals court rules CFPB funding source unconstitutional | The Fifth Circuit U.S. Court of Appeals found this week that the funding source for the Consumer Financial Protection Bureau (CFPB) is unconstitutional, according to a decision reached by a three-judge panel.
The panel found that the “desig... |
| 21.09.2022 | How LOs are dealing with a mortgage rate lockdown | Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses.
Business is at a “dead stop,” said a retail loan officer in Michigan. With mortgage rates nearly doubling from ... |
| 12.08.2022 | HW+ Member Spotlight: Tom O’Donoghue | This week’s HW+ member spotlight features Tom O’Donoghue, owner at Reverse Loans Now. O’Donoghue has been in mortgage banking for more than 30 years and has been helping and committed to working with Senior Citizens for the last seven years... |
| 04.08.2022 | Ocwen earnings down amid higher rates, spreads | Florida-based mortgage servicing company Ocwen Financial — the parent company of entities including PHH Mortgage Corp. and Liberty Reverse Mortgage — recorded a pre-tax loss of $26 million in Q2 2022 compared to income of $6 million one yea... |
| 22.07.2022 | HW+ Member Spotlight: Omar Ennabe | This week’s HW+ member spotlight features Omar Ennabe, who serves as president at Ennkar, a reverse mortgage lender. Below, Ennabe answers questions about the housing industry:
HousingWire: What is your current favorite HW+ article and why?... |
| 07.06.2022 | May: Market Update for Housing Marketers | HW Media’s audience is very interested in understanding the macroeconomic factors affecting housing. Top-performing articles over the last month include:
5 predictions for the second half of the 2022 housing market, by Selma Hepp, deputy ch... |
| 14.04.2022 | White House announces action plans for racial equity, but leaves out GSEs | President Joseph Biden
Federal agencies committed to further racial equity through new equity action plans, but for housing, the action plan is light on new action.
The housing plan lacks any participation from the Federal Housing Finance A... |
| 18.03.2022 | Reverse mortgage originator: real estate CE helps close more purchase loans | When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage departm... |
| 11.03.2022 | Inside Fairway’s bold plan to boost reverse purchase business | Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. In relation other top ... |
| 04.03.2022 | Longbridge acquisition a positive sign for the reverse mortgage industry | Last week, mortgage investment firm Ellington Financial announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial from Home Point Capital, in a deal valued at roughly $75 million for a 49.6% stake.... |
| 10.02.2022 | ReverseVision acquired by Constellation Software | Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software, a holding company that bought anothe... |
| 05.01.2022 | RMF acquires AAG reverse mortgage servicing portfolio | Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists of more than 75,000 loans totaling $12.1 billion in... |
| 15.11.2021 | 2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015 | The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’... |
| 06.10.2021 | An Adventure in Housing Media | Hi, I’m Tod Mohney. For the majority of the last decade, I’ve had a career as a residential real estate brokerage professional. Then, about 100 days ago, all of that changed when I joined HWMedia as a sales marketing manager. I’m excited to... |
| 15.09.2021 | Reverse mortgage volume drops in August | The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication.
Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% to 3,679 loans, with July now having marked the e... |
| 14.09.2021 | Alt equity firm Point says it won’t abandon reverse mortgage space | Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed s... |
| 02.09.2021 | One lender begins targeting Gen X for reverse mortgages | In a change that is likely to make many in the reverse mortgage industry turn their heads, Reverse Mortgage Funding, LLC (RMF) announced on Wednesday that it is lowering its minimum eligible age for its Equity Elite proprietary reverse mort... |
| 30.08.2021 | A financial planner on which clients benefit from reverse mortgages | The financial planning community is often sought after by reverse mortgage professionals as a referral source, as planners can help provide necessary clarity to their clients who are seeking the preservation of financial assets and continui... |
| 30.07.2021 | Reverse mortgage industry courts financial planners | The exit of major banking institutions like Wells Fargo and Bank of America from the reverse mortgage market in the past decade has made the importance of forging referral partnerships with financial planners all the more important to the p... |
| 28.07.2021 | Strong refi business, low rates aren’t growing reverse mortgage audience | While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions ... |
| 16.07.2021 | Reverse mortgages improved, but issues remain says FHA | While the Federal Housing Administration‘s Home Equity Conversion Mortgage program has seen improved performance, there are still several key areas of concern. That’s according to Julienne Joseph, the FHA’s deputy assistant secretary for si... |
| 07.07.2021 | Mr. Cooper exits reverse servicing space with sale to MAM | Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management ... |
| 30.06.2021 | HW acquires Reverse Mortgage Daily to support HECM knowledge | HW Community,
Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis.
Since RMD was founded by Aging Media Net... |
| 13.01.2021 | Mortgage Tech: Black Knight, CoreLogic and Mutual of Omaha | As more and more mortgage tech companies enter the scene, competition for accessibility and personalization gained speed this week as proptech touched down in more niche submarkets.
Data analytics giant Black Knight unveiled a new self-serv... |
| 08.08.2018 | Would a reverse mortgage by any other name smell… sweeter? | I’m am willing to bet every reverse mortgage professional has had this experience:
“What do you do?”
“I work in reverse mortgages.”
“Oh.” [Insert: Grimace. Silence. A pained look of some kind laden with a harsh and personal judgement of you... |
| 08.08.2014 | Nationstar completes exit from reverse mortgage origination business | Business is booming at Nationstar Mortgage (NSM), which reported quarterly net income of $67 million, or $0.74 per share, for the second quarter, a 174% increase over the $24 million or $0.27 per share in the first quarter 2014.
The news he... |
| 20.05.2013 | Monday Morning Cup of Coffee: Investors keep sights on real estate | Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.
The investor frenzy in real estate continues with Atlanta-based private equity firm Hibernian ... |
| 13.03.2008 | FINRA Warns on Reverse Mortgages | There aren’t many areas of the mortgage origination business that are booming, but one area — reverse mortgages — has seen high growth despite the industry downturn. And it’s now an area that financial experts are growing increasingly conce... |
| - |
Reverse purchase financing: The financing option no one is talking about | Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased!1
With over 12,000 Americans tur... |
