The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too. According to the June report from Reverse Mortgage Insight, Home Equity Conversion Mortgage (HECM) endorsements dropped to 2,244 loans, down 2.3% compared to May and part of a sinking trend that resumed after an […]
Reverse mortgage metrics dipped slightly in June Read More »
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
Reverse mortgage performance was largely steady in May Read More »
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
TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed Read More »
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
Founded in 2006, the key to our success has been consistently providing outstanding customer service. We take pride in treating our clients with honesty and integrity.
NMLS 2042983
DRE 2126218
Copyright © Loanstar Mortgage, and its licensors. All rights reserved. Websites powered by Loanstar Mortgage. This is not a commitment to lend. All loans are subject to final underwriting approval and verifications. NMLS 2042983, DRE 02126218