Latest Updates Around The World
Initial, or first participation, HMBS production was $382 million in January, $90 million above December’s $292 million and $49 million above November’s $333 million, but $24 million below January 2025. Tail issuance totaled $179 million, down from $189 million in December. The 72 pools include 23 original pools, 46 tail pools and three mixed pools. […]
NatEquity is a California-based originator, administrator and portfolio manager of lifetime shared valuation products for equity access. The company advertises itself as a national provider of equity access for senior homeowners. According to its website, the company’s mission is “to help senior homeowners in coastal California access their home equity to relieve financial stress and […]
The discussion also coincides with a rise in private-label reverse mortgages, which New View estimates now account for about 40% of market activity. New view addressed each of the 21 questions asked in the RFI. She believes that some of the reforms she proposes can be implemented immediately, while others could take a year or […]
“It is a good indication that HUD and Ginnie Mae are paying close attention to these critically important programs given our nation’s aging population,” said Steve Irwin, chairman of the National Association of Reverse Mortgage Lenders (NMRLA). “They can not only create greater efficiencies, but also reduce the regulatory burden that may come with these […]
Scott Harmes, C2 reverse Scott Harmes I drive my wife crazy because I always tell everyone we have a reverse mortgage. Then one of the frequently asked questions is: ‘What is a reverse mortgage?’ My question to you is: do you have a very good, concise explanation for clients? Here is mine: “Your reverse mortgage […]
