In the first half of this two-part topic, I described the piecemeal nature of private hazard insurance policies, state-sponsored “last resort” programs, the National Flood Insurance Program, and federal aid through emergency declarations. This system is reactive, slow and difficult to navigate for families and businesses seeking help to recover from catastrophic events. Beyond systemic […]

At last month’s Reverse Mastermind Summit in Knoxville, Tennessee, I had the opportunity to speak about one of the most important challenges facing our profession: the public perception of reverse mortgages and the industry that serves older homeowners. My message was intentionally optimistic. Yes, we have a perception problem, but perception is not permanent. It

Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday’s levels to hit the highest mark since June 10th. This isn’t a big range in the bigger picture, but it does leave rates near 10-month highs. The move is also a bit counterintuitive given developments in other markets and typical correlations.