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NRMLA

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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Reverse mortgage industry urged to elevate standards, shift perceptions at NRMLA meeting

Housing Market, HWmember, NRMLA, Reverse, Reverse Mortgage Daily /

At the annual National Reverse Mortgage Lenders Association (NRMLA) meeting, financial advisor and trainer Ryan Ponsford urged reverse mortgage professionals to strengthen their credibility and collaboration with financial advisors, saying the industry’s future depends on shifting perceptions and elevating professional standards. Ponsford, drawing on nearly three decades in the financial services sector, opened with anecdotes about industry

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Is there a better way to avoid reverse mortgage foreclosures?

FHA, Foreclosure, HECM, HUD, HWmember, Mortgage Servicing, NRMLA, Reverse, Reverse Mortgage Daily /

Even with options in place to prevent them, reverse mortgages can end in foreclosure. But Byron Batres thinks his company can offer a solution to reduce these outcomes. While more recent numbers aren’t available, a 2019 analysis by the Government Accountability Office (GAO) of Federal Housing Administration (FHA) data found that the share of Home

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Global equity release market projected to top $56B by 2035

Europe, European Pensions and Property Asset Release Group, HECM, Home Equity, HWmember, NRMLA, Reverse /

Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than

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Liberty’s Mike Kent talks relaunch of EquityIQ proprietary reverse mortgage

Liberty Reverse Mortgage, NRMLA, Onity Group, PHH Mortgage Corp, Reverse /

Mike Kent is a busy man. He’s been a key figure at Onity Group’s Liberty Reverse Mortgage for most of the past decade. He’s also served as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) since 2019, and he now serves as senior vice president of reverse asset management and industry relations for Liberty

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Reverse mortgage LOs share appraisal challenges at NRMLA event

Appraisals, HECM, HWmember, NRMLA, Reverse /

Reverse mortgage originators often remain a key point of contact for their clients from initial consultation to long after the loan closes. But getting to the closing table can come with its own set of unique challenges, whether it comes from rules that govern the Home Equity Conversion Mortgage (HECM) program or the potential bias

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Loan officers detail the challenges of explaining reverse mortgages

California, HECM, HWmember, loanDepot, Longbridge Financial, NRMLA, Reverse, Reverse Loans Now /

Reverse mortgage professionals encounter a variety of challenges when introducing product specifications to a prospective customer for the first time. These elements may include an explanation of how the loan proceeds work, clarifying the realities of negative amortization, or something as basic as communicating to a family member why their loved one is thinking of

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