The company’s move aligns with the growing interest in HECM origination among its loan officers
Industry vet Adrian Prieto assumes the role as the company plans to expand its reverse footprint
Findings also included those who sell reverse reported that the best thing about offering the product was the considerable growth potential with the aging baby boomer population.
The new guidance for reverse mortgages, which requires that lenders consider both a borrower’s willingness and capacity to pay his or her loan obligations, was delayed.
While reverse mortgages are only available to a select group of consumers, the product still makes up a large portion of complaints received by the Consumer Financial Protection Bureau.
The FHA’s new budget reveals that the Obama administration is starting to see reverse mortgages as viable again.
Home Equity Conversion Mortgages started off the fourth quarter of 2014 strong rising almost 30%.
The qualifying age to receive a reverse mortgage is growing by the thousands daily, but the industry is still battling misconceptions and only penetrating 2% of the current market. That’s where you can help. Take our short survey to tell us why you do or do not offer reverse products.