Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgages

Housing Wire

MAY 9, 2025

And representatives of Los Angeles County have signaled they want to provide specific guidance for impacted reverse mortgage borrowers to navigate issues that arise with these loans in disaster areas. Department of Housing and Urban Development (HUD), and pro bono legal private firms on hand to help with more individualized consultations.

Mortgages

Housing Wire

APRIL 8, 2025

Fairway Independent Mortgage Corp. announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. Fairway Independent Mortgage Corp.

Closing

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages

Housing Wire

APRIL 4, 2025

Saluda Grade , an alternative investment firm with a focus on residential real estate finance, announced this week that it hired Jim Boothby as its head of global business development. Boothby has more than 25 years of experience in credit , business development and investor relations. It grew its assets under management from $1.2

Development

Housing Wire

FEBRUARY 11, 2025

The Oregon state senates Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property. Senate Bill (SB) 534 is positioned primarily as a consumer protection measure.

Mortgages

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor

Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

Mortgages

Housing Wire

NOVEMBER 8, 2024

In the latest episode of the Power House podcast, host Diego Sanchez sits down for a group chat with Fobby Naghmi, senior vice president at Homecomings Mortgage & Equity , and Ginger Bell, founder of Edumarketing. Sanchez: Fobby, do you think there’s a leadership deficit in mortgage?

Industrial

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S.

Inspection

Housing Wire

JULY 11, 2025

Welcome back to Tech Pulse — HousingWire ‘s weekly series rounding up the latest in technology — including tools, integrations and trends that impact mortgage and real estate. With no association membership required and an equity-ownership model, REsides aims to empower real estate professionals and support growth.

MLS

Housing Wire

JUNE 6, 2025

As communities and organizations continue to reckon with the impact of the Los Angeles -area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. The program’s eligibility guidelines explicitly include reverse mortgage borrowers.

Mortgages

Housing Wire

MARCH 4, 2025

And while it seems that this is a tactic for elders to avoid high costs, high crime and over development, those who keep an eye on who moves where in America say it has been happening off and on for decades. But the potential value for older homeowners is not strictly monetary, the article said.

Equity

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. But seniors hold onto a large portion of the nation’s housing wealth.

Mortgages

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

Mortgages

Housing Wire

MAY 5, 2025

Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage ( HECM ) volume and HECM-backed Securities ( HMBS ) issuance saw promising increases in April. That has been a great relief to many, not just RMI.

Mortgages

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages

Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. He also said he is encouraged by a greater role being played by other forward mortgage organizations in seeking out such partnerships. Mayer said.

Mortgages

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages

Housing Wire

JUNE 10, 2025

Reverse mortgage lender and servicer Longbridge Financial , a no. 2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers.

Equity

Housing Wire

JULY 23, 2025

Over the past 12 months, Jason Stultz of Caliver Beach Mortgage has been on quite a hot streak. The Maryland-based mortgage broker has originated roughly $193 million in reverse mortgages in that time — easily the most production of any LO in the industry, according to mortgage data platform Modex. The Money House Inc.

Mortgages

Housing Wire

MAY 19, 2025

In November, Chicago-based mortgage lender Rate formerly known as Guaranteed Rate announced that it was revamping its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. That means expanding the distribution footprint for the reverse division.

Mortgages

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

Mortgages

Housing Wire

MAY 12, 2025

The lending playbook needs an overhaul Lets cut through the noise: The mortgage market isnt changing; its already changed. HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. Homeowners are increasingly turning to HELOCs as a means to access home equity without refinancing their low-rate mortgages.

Mortgages

Housing Wire

MARCH 21, 2025

Despite having lower overall volumes when compared to the forward mortgage business, Liberty Reverse Mortgage remains one of the more profitable segments of parent company Onity Group s portfolio, according to information shared by executive leaders at a recent investor presentation. No timeline on a potential rollout was offered.

Development

Housing Wire

MARCH 3, 2025

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. Leroy Comrie (D-Queens), who introduced the bill on Jan. Again, it’s very concerning, Irwin said.

Mortgages

Housing Wire

JULY 22, 2025

The proposed legislation would allow homeowners to access federally backed, second-lien mortgages to help fund the construction of ADUs — commonly referred to as backyard cottages, in-law suites or granny flats. Department of Housing and Urban Development (HUD). “As

Finance

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. Diego: Why the push into home equity ?

New Construction

Housing Wire

APRIL 25, 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industrys first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). One-day format For a one-day regional meeting, were very pleased, Irwin said in an interview with HousingWire s Reverse Mortgage Daily (RMD).

Industrial

Housing Wire

APRIL 2, 2025

On the heels of launching a new proprietary reverse mortgage product, Mutual of Omaha Mortgage has announced the hiring of reverse mortgage industry veteran Tracy Milligan to serve as its director of strategic initiatives. She officially joined Mutual of Omaha last month, according to her LinkedIn profile.

Loans

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding

Housing Wire

MAY 8, 2025

If you believe you can originate mortgages today in the same way they were done in 2018, youve probably been on a very remote island since then. Thats probably not entirely true, but few mortgage professionals can remember a period of such extended turbulence, and that includes the early years of the Great Recession.

Loan Officer

Housing Wire

OCTOBER 23, 2024

The Mortgage Bankers Association (MBA) this week announced the hiring of veteran financial leader Astrid Vermeer as the trade group’s new senior vice president and chief financial officer. I am driven to develop organizational cultures focused on customer service, competences, and skills.

Development

Housing Wire

NOVEMBER 8, 2024

Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not Not only does owning build equity,” explains Shallis, “but the tax benefits are substantial. Yes, the American Dream of homeownership is still alive and well.”

Marketing

Housing Wire

APRIL 28, 2025

The number of mortgage brokers approved to do business with PennyMac at the end of last year topped 4,850 an uptick of 19% from the end of 2023, the company shared. “So aside from hiring and building our sales team, we’re focusing on deepening our partnerships and developing repeat working with PennyMac.

Marketing

Housing Wire

APRIL 3, 2025

Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.

Marketing

Housing Wire

APRIL 29, 2025

Kicking off the first 2025 event held by the National Reverse Mortgage Lenders Association (NRMLA) Tuesday morning in Irvine, Calif., seniors, and how the Home Equity Conversion Mortgage ( HECM ) program can be a tool for older Americans confronted by high costs on a fixed income. These meetings include with Rep.

Industrial