Reverse

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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In California, a local senior advocacy group continues under shadow of federal cuts

Aging in Place, California, DOGE, HWmember, Reverse, San Francisco / Ricky Vasquez

Since January, federal funding cuts have struck far and wide across a number of local, state and federal programs that tackle a variety of issues. And while the local “Choice in Aging” program in Contra Costa County, California, would be directly impacted if cuts happen, that’s not stopping people there from advocating on behalf of

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Legal fight between Longbridge and Mutual of Omaha continues

California, HWmember, Lawsuit, Longbridge Financial, Mutual of Omaha Mortgage, Reverse / Ricky Vasquez

In the ongoing lawsuit between two leading reverse mortgage lenders over allegations of improper advertising practices, both parties recently conferred in front of a magistrate judge, but did not reach a settlement. That’s according to the court docket reviewed by HousingWire’s Reverse Mortgage Daily (RMD). The lawsuit between Longbridge Financial and Mutual of Omaha Mortgage

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How can senior living challenge aging in place preferences?

Aging in Place, HWmember, Retirement, Reverse / Ricky Vasquez

As it has grown more popular for older people to choose to age in place in their existing homes, this has become a challenge for the senior living industry. While dedicated senior living facilities can offer a sense of community and enticing amenities, the cost may often be out of reach for many potential customers,

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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

White House expects reverse mortgages to continue producing government receipts Read More »

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

Australia, Canada, Home Equity, HWmember, Reverse / Ricky Vasquez

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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The best state to age in place is not where you think

Aging in Place, Florida, HWmember, Idaho, New Jersey, North Dakota, Retirement, Reverse, Texas, Utah / Ricky Vasquez

When you think about the best states for aging in place, the choice retirement destinations likely spring to the top of the list. After all, with high and growing populations of older residents, wouldn’t these states be an ideal place to call home in later life? Not according to a new report from Seniorly Resource

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The proprietary reverse mortgage landscape is getting crowded

Finance of America, HWmember, Liberty Reverse Mortgage, Longbridge Financial, Mutual of Omaha Mortgage, Onity Group, PHH Mortgage Corp, Reverse / Ricky Vasquez

The broader mortgage industry and the reverse mortgage subset have worked through a period of elevated interest rates for longer than anyone may have been expecting. Following a post-pandemic boom in volume fueled by Home Equity Conversion Mortgage (HECM) refinances, higher rates have served to restrict HECM volume, according to industry professionals and analysts. In

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How important is public transit for aging in place?

Aging in Place, Canada, HWmember, Retirement, Reverse / Ricky Vasquez

As the preference to age in place continues to dominate among those planning out their later lives, people actually living with the preference may find they need to make adjustments to certain parts of their routines to accommodate costs, access services and maintain social relationships. One key tool that might be able to assist with

How important is public transit for aging in place? Read More »

New California wildfire homeowner assistance program includes reverse mortgages

In California, a local senior advocacy group continues under shadow of federal cuts

Legal fight between Longbridge and Mutual of Omaha continues

How can senior living challenge aging in place preferences?

White House expects reverse mortgages to continue producing government receipts

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

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

The best state to age in place is not where you think

The proprietary reverse mortgage landscape is getting crowded

How important is public transit for aging in place?

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