February 3, 2019 | Reverse Mortgage Daily

Reverse Mortgage Professionals Find Optimism in ‘Crystal Ball’ for 2019

By: Chris Clow

Reverse mortgage professionals are optimistic in their outlook for the industry over the course of 2019, and are encouraged by strong business results for January, along with the increasing prevalence of proprietary products and an heightening level of general conversation surrounding reverse mortgage products in general.

January 30, 2019 | Reverse Mortgage Daily

Top Opportunities in the New Era of Reverse Mortgages

By: Chris Clow

The reverse mortgage industry is fully aware of the operational difficulties that extend from regulatory changes and reduced overall volume, but many in the industry also find themselves optimistic about the new kinds of opportunities there are in the current landscape of the business.

January 2, 2019 | Forbes

Ongoing Credit And Costs For A Reverse Mortgage

By: Wade Pfau

The ongoing costs for a reverse mortgage relate to the interest accruing on any outstanding loan balance, as well as any servicing fees. Servicing fees can be up to $35 per month, though they are generally now incorporated into a higher margin rate rather than charged directly to the borrower.

December 26, 2018 | Forbes

Up-Front Costs For Opening A Reverse Mortgage

By: Wade Pfau

Up-front costs for reverse mortgages come in three categories: origination fee, initial mortgage-insurance premium, and closing costs.

December 26, 2018 | HousingWire

A Look Back at 2018's HECM Highlights

By: Jessica Guerin

We’ve compiled a rundown of this year’s HECM highlights to give you a review of all that’s happened in the reverse mortgage space in 2018.

December 20, 2018 | Forbes

Updated Principal Limit Factor Tables

By: Wade Pfau

The updated HECM rules that went into effect in October 2017 provided a new table of PLF factors to be used for determining initial borrowing amounts from a reverse mortgage.

December 17, 2018 | Reverse Mortgage Daily

Reverse Mortgage Business Welcomes Increased 2019 HECM Lending Limits

By: Chris Clow

Late last week, the U.S. Department of Housing and Urban Development (HUD) announced changes in the lending limit for federally-backed reverse mortgages, with the new maximum claim amount for 2019 set at $726,525.

December 10, 2018 | Reverse Mortgage Daily

Reverse Mortgage Stakeholders Dispel Product Myths for Home Care Audience

By: Chris Clow

Bridging two industries that have a shared interest in the ability of senior individuals to age in place, reverse mortgage stakeholders presented a webinar discussion last week to an audience of in-home care professionals. Largely focused on presenting the benefits of reverse mortgages for home care recipients, the panel also dispelled common myths around the product.

November 26, 2018 | Reverse Mortgage Daily

How Originators Are Retraining Referral Partners As Reverse Mortgages Evolve

By: Chris Clow

Still feeling the impact of rule changes to the reverse mortgage industry applied by the Department of Housing and Urban Development that went into effect on October 2, 2017, as well as an influx of new proprietary reverse mortgages, originators find themselves having to take a different approach concerning their business relationships with their referral partners in order to bring all involved parties up to speed with the relevant product changes.

October 25, 2018 | Reverse Mortgage Daily

Experts Tout Benefits of Reverse Mortgages to Financial Planners

By: Maggie Callahan

As finances are uncertain for many approaching retirement, reverse mortgages are an ideal shock absorber for the many potential shocks once a senior stops working, financial experts conveyed to an audience of financial planners Wednesday.