Industry leaders say reverse lenders need to collect data on borrowers who are falling through the cracks in order to help broaden the HECM credit box
Despite 2016 being one of the slowest fiscal years for reverse mortgages in a decade, HECM loans hit a major milestone last month
Only component missing in reverse mortgages is better education for the client
Mortgage debt among seniors is at an all-time high – something lenders in the reverse mortgage market are working to address
Transparency is key when discussing reverse mortgages with clients, especially in the wake of one article about what befalls these loans when the holder dies.
The guidance of financial planners can put client minds at ease about one controversial mortgage product, but could also result in a future referral partner.
The popularity of reverse mortgages is growing among consumers – and one company is taking that concept to stratospheric levels.
The Department of Housing and Urban Development cleared up what had been a perplexing issue for homeowners, lenders and counselors for years.