Reverse Mortgage News by HECMWorld

[Reverse Mortgage Daily] Will demographics be the saving grace for HECM lending? [Reverse Mortgage Daily] The State of Hawaii says now-bankrupt RMF owes unpaid taxes [Housing Wire] The CFPB issues a nearly $2M fine to one mortgage lender and real estate agency

[Housing Wire] Mortgage rates may go down in the fall [Reverse Mortgage Daily] Finance of America Companies Post $221M Loss [CNBC] Only 10% plan to postpone Social Security...

[Housing Wire] If mortgage rates fall to 5% the housing market could get interesting [News Channel 8] Credit Denied: Dave Bancroft shares his experience and why more Americans’ loan applications are being denied [RMD] HECM endorsements grow while the secondary market is challenged

[Reverse Mortgage Daily] Gasps in the room [AOM] Homebuyers should look at these things before making an offer [Housing Wire] The Fed says no recession is expected, but housing… 

[Various Sources] NEW: The Mortgage News Roundup. [Reverse Market Insight] The Reverse Market Minute with Jon McCue. [RMD] Why proprietary reverse mortgage loan volume has declined in California.

[RMD] FHA to cover payments when a lender is in default say Mortgagee Letter [CNBC] Treasury rates spike on positive employment data. [Morningstar] I’m 61, laid off, and have $550K in savings. Can I retire?

[The M Report] What Boomers are looking for in senior housing [Money-com] More states giving property tax breaks to seniors. [Yahoo Finance] Foreclosures Are Rising: What this Means for the Housing Market.

[Money Wise] Dave Ramsey was at a loss for words with one caller until... [Retirement Living] Survey reveals boomer's attitudes about retiring into a Recession [HECMWorld Exclusive] An interview with George Downey on why he moved to The Federal Savings Bank

[Yahoo Finance] How do you pay back a reverse mortgage? [Revere Market Insight] The Reverse Market Minute with Jon McCue [Reverse Mortgage Daily] HUD's spring agenda holds HECM proposals

[Housing Wire] Tightening mortgage credit may boost the HECM [Finance of America Reverse] Can You Use a Reverse Mortgage to Build an ADU? [Reverse Mortgage Daily] Reverse mortgages loans ready to expand in Europe

[Reverse Mortgage Daily] New FHA handbook with HECM policies at the finish line [USA Today] Where are home prices headed? [Honolulu Civil Beat] Attorney comes out of retirement to vacate a reverse mortgage foreclosure

[Yakima Herald Republic] Managing debt in retirement [HECMWorld] What May's HECM endorsements can tell us [Realtor-com] May 2023 Monthly Housing Market Trends Report

[Knowledge at Wharton] Should I pay off my home early? [MarketWatch] Fannie Mae economist: the signs housing prices will drop in your city [Reverse Mortgage Daily] Interest owed on late HECM payments says draft mortgagee letter

[Housing Wire] Boomers and the refi Boom reckoning [Reverse Mortgage Daily] A Congressman & HUD stop fire victim’s HECM Foreclosure [Reverse Mortgage Daily] Home equity lender launches equity dashboard

[Business Wire] Accurate Group Releases its 2023 U.S. Home Equity Loan and Homeowner Intent Survey [Money Watch] Is a reverse mortgage worth it? Here’s what experts think [National Mortgage News] Finance of America posts a profit, aims to dominate the HECM market

[Reverse Mortgage Daily] Subsidiary of Mortgage Bankers Association begins reverse mortgage working group [Business Insider] A brutal reckoning for real estate agents [Insider Observer] District Court rules in Ocwen’s favor and orders the CFPB to abide by a settlement agreement

[The Chrisman Commentary ] Chrisman Commentary addresses reverse mortgages [A Wealth of Common Sense] What are the problems with being house-rich? One columnist explains the downside of locked-up home equity… [KBTX News] Communication breakdown leads to reverse mortgage foreclosur

[Housing Wire ] High mortgage rates have homeowners staying put [Reverse Market Insight] The monthly installment of the 'Market Minute' with RMI's Jon McCue [Reverse Mortgage Daily] RMD commentary: Industry growth requires a new message

[Housing Wire] FHA issues draft guidance for accessory dwelling units [ReverseMortgageDaily] Guaranteed Rate to increase its reverse mortgage division [Scotsman Guide] FHA loan volume dropped sharply in the final months of 2022

[The Mortgage Report ] Older Americans see the biggest property tax spikes in these cities [Reverse Mortgage Daily] Draft mortgagee letter would give an earlier start to HECM assignment claim filing [Multiple Source] Finance of America's acquisition of AAG complete

[Mortgage Professionals of America] One broker shares lessons learned from the great recession [Reverse Mortgage Daily] Housing experts weigh in on avoiding a HECM market collapse [Mortgage Orb] National Association of Mortgage Brokers Partners with Liberty Reverse Mortgage

[Reverse Mortgage Daily] One lender speaks out on navigating a tough reverse market [ClassAction-org] Attorneys investigating if equity sharing agreement is actually a reverse mortgage loan [Morningstar] Can Social Security keep pace with high inflation?

[CNBC] What’s going on with U.S. Treasuries and the 10-year CMT? [News from around the Industry] Reverse Mortgage News Roundup [Reverse Market Insight] RMI’s Market Minute

[CNBC] Why moving in retirement can earn you an extra $100,000+ [Orange & Blue Press] Massachusetts Bill funds remote reverse mortgage counseling [CBS Colorado] Mortgage company rescinds reverse mortgage foreclosure on fire victim

[HighTechLending] In memoriam of Don Currie [Housing Wire] Fannie Mae: Appraisals are no longer the default option [National Mortgage News] Former Live Well CEO out on bond pending appeal [ReverseMortgageDaily] Here's the final rule for FHA adjustable rate mortgages including HECM loans