Home Equity

Mutual of Omaha expands proprietary reverse mortgage offering

After launching a new proprietary loan product this spring, one of the nation’s leading reverse mortgage lenders has expanded the offering this week to more states. Mutual of Omaha Mortgage announced on Friday that its SecureEquity+ product, which became available in April to eligible California and Florida residents, is now available in 12 additional states. […]

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Home equity cushions homeowners against economic shocks

The most recent National Mortgage Database (NMDB) Aggregate Statistics report from FHFA reveals the significant amount of home equity that American households possess. This should put an end to any discussions suggesting that the housing market is on the verge of a mass foreclosure crisis or that national home prices will crash like they did

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Longbridge’s Melissa Macerato on how the latest proprietary reverse product came to be

In May, Longbridge Financial debuted Platinum Preserve, a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. RMD spoke to Longbridge co-founder Melissa Macerato about the product’s origins, how industry pros have received it thus far, and how it differs from other Platinum line products. The interview with Macerato, the

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Record-high home equity provides opportunity for the reverse mortgage industry

Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza. That’s evident in data from the annual State of the Nation’s Housing Report from Harvard University’s Joint Center for Housing Studies (JCHS),

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The concerning math behind aging-in-place

Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home. That’s according to insurance company Nationwide‘s 2025 Nationwide Retirement Institute Long-Term

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Global equity release market projected to top $56B by 2035

Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than

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UpEquity gets warehouse facility from Silicon Valley Bank, Setpoint

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. The funding is expected to support $1 billion in originations over the next two years, helping homebuyers purchase new homes before selling their current

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In Chicago, a reverse mortgage scammer left a lasting scar

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recover from Diamond’s scams. Louise Minter

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Global reverse mortgages in the news: growth, delay and launch

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don’t always have the same challenges. Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories

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Americans tapped $25B in home equity in Q1 2025

U.S. homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 — the largest volume for this period in 17 years, according to the ICE Mortgage Technology‘s newest Mortgage Monitor report. That marks a 22% increase compared to the same quarter last year. The first quarter is typically

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