Celink’s Ryan LaRose urges HECM updates, citing upfront borrower costs and HMBS repurchase risk, while estimating 75% subservicing share.

Mutual of Omaha, Finance of America and Longbridge Financial rank at the top of HECM endorsements over the past 12 months, Reverse Market Insight reported.

February HECM endorsements fell 20.7% to 1,821 loans, while HMBS issuance slipped to $431 million with 66 pools issued.

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

Interpretation of law is a big deal. The non-borrowing spouses’ (NBS) problem sprang from an interpretation of HECM law which excluded NBS from protection against displacement. As we saw in part one, ...

The principal limit factor (PLF) condition in the Mortgagee Optional Election (MOE) Assignment is a relief-killer condition. That is why calling the MOE Assignment “a relief” for existing surviving ...

A proprietary reverse mortgage permits senior homeowners to access their home equity through private lenders, offering ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

A November webinar featuring Telhio Credit Union Loan Officer Allie Hager and Realtor Kelly Hamilton of Realty Forward is still getting attention from credit unions focused on strengthening realtor ...

Reverse mortgages are structured differently than traditional loans, and if you don’t clearly understand the mechanics, it can create unnecessary concern.

Reverse mortgages, home equity loans, and HELOCs are all ways homeowners can tap into the value of their homes for cash.  That means the financing for these loans is secured by the home, so rates are ...

Merchants Bank, one of the nation's top warehouse lenders and a growing Correspondent Investor, is expanding its product suite with a new non-Agency platform. The Merchants Premium Program introduces ...