“Despite the resurgence in tappable equity among U.S. mortgage holders, elevated interest rates are making homeowners reluctant to extract that wealth,” said Andy Walden ICE’s VP of Enterprise Research.
Read More »Home Equity: An ‘Obvious Solution’ to Financial Anxiety?
Researchers from Finance of America Reverse report that a lack of education about their options could be preventing Americans’ use of their homes as both a shelter and financial springboard.
Read More »Rethinking Reverse Mortgage Lending
Rather than viewing the reverse mortgage lending business as a completely new line of business, lenders today are looking at reverse mortgages as another loan product to add to their menu of offerings.
Read More »Finance of America Promotes Fleming to CEO and Sieffert to President
FOA announces the promotion of two executive leaders, on the heels of the firm’s acquisition of American Advisors Group, one of the largest reverse mortgage lenders in the U.S.
Read More »Fairway Independent Mortgage Bolsters Its Reverse Lending Ops
The addition of Dan Ventura as its new VP of Reverse Operations follows the formalization of the company’s Regional Reverse SVP program, and the addition of eight new SVPs.
Read More »FHA to Assist HECM Borrowers Impacted by Pandemic
A new repayment plan will allow mortgage servicers to offer homeowners impacted by COVID-19 up to five years to repay past-due property charges.
Read More »Finance of America to Acquire AAG
Acquisition of nationwide reverse lender by Finance of America marks the company’s expansion into the direct-to-consumer retail channel.
Read More »Senior Home Wealth Grew by Billions in Q3
In the third quarter of 2021, senior citizens collectively gained $396.1 billion in equity, a 3.7% rise.
Read More »Senior Home Wealth Increases 3.7% in Q2
The increase in older homeowners' wealth was mainly driven by an estimated 3.4% or $381 billion increase in home values.
Read More »Reversing the Conversation About Reverse Mortgages
Author Harlan Accola details how the use of reverse mortgages could help prevent what is shaping up to be a retirement disaster of epic proportions.
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