Tag Archives: Home Equity Conversion Mortgages

After a rough March for home equity conversion mortgage originations, April’s numbers became even more dire, according to the latest statistics from Reverse Market Insight. Just how bad ...

Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business ...

By 2013, the FHA‒‒the nation’s largest insurer of reverse mortgages‒‒received it’s first-ever bailout of $1.7 billion. At the same time, HECM defaults started to rise. By the middle of 2013, more than a half-million HECMs remained outstanding and the default rate hovered around 10 percent.