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 368

Investor Mortgages Bankruptcy Equity 368

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 370

Industrial Mortgages Equity Development 370

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 358

Equity Principal Development Technology 358

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 356

Mortgages Equity Loans Title 356

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 274

Mortgages Equity Industrial Loans 274

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 371

Mortgages Technology Loan Officer Loans 371

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 257

Closing Mortgages Lending Technology 257

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

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Development Investor Equity Finance 232

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 283

Mortgages Development Loans Equity 283

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 346

Mortgages Loan Officer Industrial Loans 346

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 365

Mortgages Lending Banks Industrial 365

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 248

Mortgages Finance Principal Loans 248

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 324

Mortgages Principal Loans Equity 324

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Development Industrial Mortgages Fixed-rate mortgage 428

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Equity 378

Equity Purchase and sale agreement Mortgages Finance 378

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 274

Mortgages Banks Equity Development 274

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.

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Equity Principal Development Staging 369

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

Equity 466

Equity Lending Banks Loans 466

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s s reverse division to transition back into a role as a reverse mortgage broker. People are interested in getting reverse mortgages and talking about them,” he said. I really do like that,” Cabe said.

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Development Industrial Mortgages Loans 431

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 254

Inspection Mortgages New Construction Equity 254

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 199

Development Equity Investor Mortgages 199

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 268

Mortgages Principal Loans Equity 268

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 264

Mortgages Loan Officer Loans Industrial 264

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Loans Lending 431

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 386

Development Finance Equity Technology 386

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.” Morgan and Saluda Grade.

Equity 469

Equity Loans Investor Mortgages 469

Housing Wire

NOVEMBER 13, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. Wilson,” began McMinn to a hypothetical reverse mortgage customer. The whistle blew immediately.

Equity 365

Equity Mortgages Principal Loans 365

Housing Wire

SEPTEMBER 3, 2024

Home equity fintech Unlock Technologies has landed a Series B funding round that includes a $30 million investment by D2 Asset Management. Unlock, a provider of home equity agreement (HEA) contracts, claims it has experienced 98% year-over-year growth in the number of homeowners who chose its product.

Equity 395

Equity Technology Land Development 395

Housing Wire

MARCH 25, 2024

The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies.

Equity 441

Equity Marketing Finance Mortgages 441

Housing Wire

NOVEMBER 15, 2024

The reverse mortgage portion of the Federal Housing Administration ’s (FHA)’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio for the fourth year in a row on the overall government-backed portfolio. This is according to the FHA’s Annual Report to Congress , released Friday morning.

Equity 384

Equity Short sale Loans Development 384

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 268

Mortgages Branding Industrial Lending 268

Housing Wire

NOVEMBER 12, 2024

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Wallace brings more than 30 years of experience as a leader of tech-focused mortgage, asset management and capital market platforms. “The U.S.

Technology 369

Technology Finance Mortgages Lending 369

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 441

Equity Purchase and sale agreement Loans Mortgages 441

Housing Wire

MAY 13, 2024

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Meanwhile, more than 9 million U.S.

Equity 426

Equity Purchase and sale agreement Residential Investor 426

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. If you’ve watched our development over the past several years, you’ve witnessed deliberate, strategic growth across all of our channels.

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Principal Branding Investor Industrial 421

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. “The Origination volume was $6.7

Purchase and sale agreement 384

Purchase and sale agreement Equity Loan Officer Principal 384

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.” Morgan and Saluda Grade.

Equity 412

Equity Marketing Loans Investor 412