HECM

Fairway, Longbridge lead reverse mortgage presence at The Gathering

Fairway Independent Mortgage, HECM, HWmember, Longbridge Financial, Retirement, Reverse, The Gathering, The Gathering 2025 / Ricky Vasquez

This week at The Gathering by HousingWire, reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp., and Chris Mayer, CEO of Longbridge Financial, spoke in front of the assembled professionals […]

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Reverse mortgage performance was largely steady in May

Goodlife Home Loans, HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Market Insight / Ricky Vasquez

Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate

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New California wildfire homeowner assistance program includes reverse mortgages

California, Celink, Disaster Relief, HECM, HWmember, Los Angeles, Reverse, Reverse Loans Now, Wildfire / Ricky Vasquez

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. California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on

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White House expects reverse mortgages to continue producing government receipts

FHA, HECM, HUD, HWmember, Regulatory, Reverse, White House / Ricky Vasquez

Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mutual Mortgage Insurance (MMI) Fund. According to the data

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TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

Ginnie Mae, HECM, HMBS, HUD, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank / Ricky Vasquez

Following its vow to appeal the initial decision in a case brought against Ginnie Mae over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender, filings by Texas Capital Bank (TCB) have been docketed and assigned a case number in the Fifth Circuit Court of Appeals. The suit will begin

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MISMO reverse mortgage workgroup chair on ‘building a bridge to the mainland’

HECM, HWmember, MISMO, Mortgage Cadence, Reverse, Technology / Ricky Vasquez

The dedicated reverse mortgage development workgroup inside the Mortgage Industry Standards Maintenance Organization (MISMO) has been working diligently for much of the past year to develop holistic support for reverse programs across new and existing MISMO subscribers. It’s also working to publish data in an industry-standard format to increase efficiency among stakeholders. George Morales, the

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HUD OIG reveals ongoing reverse mortgage oversight priority

Department of Justice, Ginnie Mae, HECM, HUD, HWmember, Regulatory, Reverse / Ricky Vasquez

In compliance with a 1978 law that requires government agency watchdogs to provide semi-annual reports on their activities, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) published its report on Tuesday. While there were no new indications of scrutiny for the Home Equity Conversion Mortgage (HECM) program, the

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New MISMO reference model includes reverse mortgages

HECM, HWmember, MISMO, Mortgage Bankers Association, Mortgage Cadence, Reverse, Technology, Underwriting / Ricky Vasquez

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features. On Tuesday, MISMO announced that the new version has

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California wildfire recovery event sought to offer guidance to reverse mortgage borrowers

California, Disaster Relief, HECM, HWmember, Reverse, Wildfire / Ricky Vasquez

For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. But for wildfire victims who are also reverse mortgage borrowers, they may encounter problems stemming from a major disaster interacting

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GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

Ginnie Mae, Goodlife Home Loans, HECM, HMBS, HWmember, Retail Lending, Reverse / Ricky Vasquez

An existing reverse mortgage-backed securities issuer and wholesale lender is making a new play for the retail space, according to a new announcement. GoodLife Home Loans, dba of Bellevue, Wash.-based Traditional Mortgage Acceptance Corporation (TMAC), announced this week that it has launched a new retail reverse mortgage division to add to its existing efforts in

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Fairway, Longbridge lead reverse mortgage presence at The Gathering

Reverse mortgage performance was largely steady in May

New California wildfire homeowner assistance program includes reverse mortgages

White House expects reverse mortgages to continue producing government receipts

TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

MISMO reverse mortgage workgroup chair on ‘building a bridge to the mainland’

HUD OIG reveals ongoing reverse mortgage oversight priority

New MISMO reference model includes reverse mortgages

California wildfire recovery event sought to offer guidance to reverse mortgage borrowers

GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

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