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HUD reverse mortgage counseling removal risks senior protections

Counseling, HECM, HUD, HWmember, Reverse, Reverse Mortgage Daily /

A proposal to remove housing counseling as a front-end requirement for borrowers seeking government-insured reverse mortgages would eliminate a key consumer protection for seniors, according to Peter M. Mazonas, CEO of NatEquity Inc. Mazonas voiced his concerns in a letter to the U.S. Department of Housing and Urban Development. His comments came in response to […]

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New View Advisors floats sweeping changes to HECM, HMBS programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, New View Advisors, Reverse /

Ideas for reshaping the federally insured reverse mortgage program and its avenue for secondary market issuance is the hot topic of conversation for industry professionals in late 2025. And New View Advisors added to the discussion last week with a host of comments submitted to the U.S. Department of Housing and Urban Development (HUD) and

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HUD reopens reverse mortgage comment period

FHA, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.

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NRMLA speaks out on the future of federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and

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Lender Price integrates FOA’s reverse products into marketplace

Finance of America, HECM, HWmember, LendingLife, Partnerships, Reverse, Reverse Mortgage Daily, Technology /

California-based Lender Price has added its first reverse mortgage partner to its pricing and product eligibility (PPE) platform through an agreement with Finance of America (FOA). Lender Price Marketplace will provide brokers and lenders with live pricing for FOA’s Home Equity Conversion Mortgage (HECM) and HomeSafe proprietary reverse mortgage products. FOA — the second-largest HECM

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New View: Proprietary loans now account for 40% of reverse mortgages

HECM, HMBS, HUD, HWmember, New View Advisors, Reverse, Reverse Mortgage Daily /

Reverse mortgage lenders were already starting to diversify their offerings earlier this year through the launch or expansion of proprietary product suites. These moves have become even more important at a time when federally insured reverse mortgages aren’t being endorsed. As part of this emerging industry trend, New View Advisors recently announced that it would

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Reverse execs eye more private products, urge HUD to modernize HECM program

Finance of America, HECM, HMBS, HWmember, LendingLife, Longbridge Financial, Mortgage, NRMLA, Reverse /

Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS)  programs remain critical pillars of the business. Their comments came during the National Reverse Mortgage Lenders Association

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Proprietary reverse loans give younger homeowners more options

FHA, Finance of America, HECM, Housing Market, HWmember, Mutual of Omaha Mortgage, Reverse, Reverse Mortgage Daily /

In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering

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Government shutdown halts new reverse mortgage endorsements

FHA, Government Lending, Government Shutdown, HECM, Housing Market, HWmember, Reverse, Reverse Mortgage Daily /

The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop

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GoodLife’s Chase Kinder on growing his company’s reverse mortgage presence

Goodlife Home Loans, HECM, HWmember, Reverse, Reverse Mortgage Daily, Team Leaders, Wholesale Lending /

Last week, Traditional Mortgage Acceptance Corp. (TMAC), dba GoodLife Home Loans, announced a leadership change when it promoted Chase Kinder to lead its wholesale division. GoodLife is the country’s fourth-largest originator of Home Equity Conversion Mortgages (HECMs), according to the most recent industry data from Reverse Market Insight. The company endorsed 1,344 HECM loans during

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