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The Best Path For Reverse Mortgages: Private vs. HECM Loans
Blog 5 days ago
The Best Path For Reverse Mortgages: Private vs. HECM Loans

The reverse mortgage market has long awaited the return of private products to a HECM-heavy market. Now that several products are making inroads...

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Financial Advisor: Don’t Ignore Reverse Mortgages
Blog 6 days ago
Financial Advisor: Don’t Ignore Reverse Mortgages

Although they can often be a tough sell, reverse mortgages can likely help financial clients who find themselves running out of money in retirement...

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Flagstar Faces $74 Million in Exposure on Heels of Live Well Closure
Blog 1 week ago
Flagstar Faces $74 Million in Exposure on Heels of Live Well Closure

Bank holding company Flagstar Bancorp (FBC) disclosed new financial exposure of $74 million on Monday, believed to stem from the downfall of major...

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FHA Proposes Rule Changes to Increase Clarity, Lender Activity
Blog 1 week ago
FHA Proposes Rule Changes to Increase Clarity, Lender Activity

The Federal Housing Administration (FHA) has announced several proposed changes to its loan-level certification requirements for both lenders and...

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Forbes: Defining the Risks of a Reverse Mortgage
Blog 1 week ago
Forbes: Defining the Risks of a Reverse Mortgage

Some of the biggest risks inherent in a reverse mortgage transaction include the complexities of the Home Equity Conversion Mortgage (HECM) Program...

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U.S. News: How and Why to Refinance a Reverse Mortgage
Blog 1 week ago
U.S. News: How and Why to Refinance a Reverse Mortgage

Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it's...

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Live Well Financial Halts Funding for New Loans
Blog 2 weeks ago
Live Well Financial Halts Funding for New Loans

Live Well Financial has halted fundings for new reverse mortgage loans and some loans in process, RMD has learned from wholesale account executives...

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Local Spotlight: Reverse Mortgages in the Mid-Atlantic
Blog 2 weeks ago
Local Spotlight: Reverse Mortgages in the Mid-Atlantic

Last August, the Mid-Atlantic region of the country outpaced all other regions in loan originations with a 28.2 percent increase in growth over the...

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Biden Reverse Mortgage Joke Reappears on Stephen Colbert
Blog 2 weeks ago
Biden Reverse Mortgage Joke Reappears on Stephen Colbert

For the second time in the span of a single week, a prominent late night talk show host has compared the presidential campaign announcement video...

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AAG Launches New Wholesale Brand, Online Education Portal
Blog 3 weeks ago
AAG Launches New Wholesale Brand, Online Education Portal

American Advisors Group (AAG) today announced the introduction of a new program called "AAG & You, Better Together," a result of the company's...

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Giordano’s 'What's the Deal with Reverse Mortgages?' Gets Second Edition
Blog 4 weeks ago
Giordano’s 'What's the Deal with Reverse Mortgages?' Gets Second Edition

The reverse mortgage industry is one where the rules and realities that govern it can change on a very quick basis, and because of that, the...

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Pfau Debunks Reverse Mortgage Critics' Misconceptions
Blog 4 weeks ago
Pfau Debunks Reverse Mortgage Critics' Misconceptions

When examining the totality of negative press that reverse mortgage products have to endure, many of the most persistent reputational hurdles faced...

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Wholesale and Retail Reverse Mortgage Channels Jump in February, Shutdown Backlog Ends
Blog 1 month ago
Wholesale and Retail Reverse Mortgage Channels Jump in February, Shutdown Backlog Ends

Home Equity Conversion Mortgage (HECM) endorsements saw a significant jump in February, with total endorsements rising 142.6 percent to a total of...

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How Reverse Mortgages Can Solve Today's Biggest Retirement Problems
Blog 1 month ago
How Reverse Mortgages Can Solve Today's Biggest Retirement Problems

The difficulty that the senior population has in finding an adequate amount of money to fund retirement is an issue that is only growing in scale,...

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Local Spotlight: Reverse Mortgages in Texas
Blog 1 month ago
Local Spotlight: Reverse Mortgages in Texas

Sure, everything is bigger in Texas. But is the state on track to becoming the largest reverse mortgage market in the country? Absolutely, says...

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Fox Business: What Seniors Should Know Before Taking a Reverse Mortgage
Blog 1 month ago
Fox Business: What Seniors Should Know Before Taking a Reverse Mortgage

Citing a 2015 study by the Consumer Financial Protection Bureau that revealed consumers’ lack of understanding about reverse mortgage products, a...

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HUD: Reverse Mortgage Volume Falls in Q1 2019
Blog 1 month ago
HUD: Reverse Mortgage Volume Falls in Q1 2019

The total volume of Home Equity Conversion Mortgages (HECM) endorsements in Q1 2019 dropped by 18.19 percent from the previous quarter to $2.48...

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Hong Kong Changes Reverse Mortgage Rules Allowing Seniors to Lease and Relocate
Blog 1 month ago
Hong Kong Changes Reverse Mortgage Rules Allowing Seniors to Lease and Relocate

The government-owned Hong Kong Mortgage Corporation (HKMC) has introduced a rule which will allow reverse mortgage borrowers to lease the...

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Facebook Hit With New HUD Lawsuit Over Housing Ads
Blog 1 month ago
Facebook Hit With New HUD Lawsuit Over Housing Ads

The Department of Housing and Urban Development (HUD) has filed charges against Facebook, Inc. alleging that the social media giant has violated...

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Reverse Mortgage Popularity is Growing in Taiwan
Blog 1 month ago
Reverse Mortgage Popularity is Growing in Taiwan

Applications and lending amounts for reverse mortgage programs are growing in Taiwan, signaling increasing demand and popularity for the country's...

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Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds
Blog 2 months ago
Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds

Prominent financial planner Jill Schlesinger, who has a historical track record of questioning the viability of reverse mortgage products, has...

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Reverse Mortgages in Australia: Demand Rises as Major Players Exit
Blog 2 months ago
Reverse Mortgages in Australia: Demand Rises as Major Players Exit

Increasing popularity for reverse mortgages in Australia has the potential to allow more retirees to adequately fund their post-working lives, but...

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Wholesale Reverse Mortgage Channel Drops With Retail in January
Blog 2 months ago
Wholesale Reverse Mortgage Channel Drops With Retail in January

Primarily echoing previously recorded numbers among government-approved lenders, Home Equity Conversion Mortgage (HECM) endorsements dropped...

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CFPB Exam Points to Potential Reverse Mortgage Servicing Problems
Blog 2 months ago
CFPB Exam Points to Potential Reverse Mortgage Servicing Problems

The Consumer Financial Protection Bureau (CFPB) released the 18th edition of its Supervisory Highlights on Tuesday, which includes examinations of...

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RMF Updates Equity Elite Jumbo to Reduce Fees, Closing Costs
Blog 2 months ago
RMF Updates Equity Elite Jumbo to Reduce Fees, Closing Costs

Reverse Mortgage Funding (RMF) announced Tuesday that it is making changes to its proprietary product Equity Elite, including a reduction in...

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Office of Inspector General to Expand Reverse Mortgage Oversight
Blog 2 months ago
Office of Inspector General to Expand Reverse Mortgage Oversight

The Trump Administration plans for its Office of Inspector General to increase oversight of the Home Equity Conversion Mortgage program in 2020,...

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These 12 States Allow Older Homeowners to Defer Property Taxes
Blog 2 months ago
These 12 States Allow Older Homeowners to Defer Property Taxes

Reverse mortgage products allow senior borrowers the ability to eliminate their monthly forward mortgage payment, while also allowing access to a...

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The Remaining Work to Connect Financial Advisors and Reverse Mortgages
Blog 2 months ago
The Remaining Work to Connect Financial Advisors and Reverse Mortgages

The distance between reverse mortgage originators and financial advisors is often a long one, with many advisors generally having unfavorable...

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HUD Secretary Ben Carson Plans Exit at End of Trump’s Term
Blog 2 months ago
HUD Secretary Ben Carson Plans Exit at End of Trump’s Term

Department of Housing and Urban Development Secretary Dr. Ben Carson has stated his intention to exit his post at the conclusion of President...

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Local Spotlight: Reverse Mortgages in New England
Blog 2 months ago
Local Spotlight: Reverse Mortgages in New England

Last October, New England saw a 34 percent increase in reverse mortgage growth, according to data analytics firm Reverse Market Insight. This...

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