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As seniors gain comfort with AI, how should reverse mortgage lenders respond?

Aging in Place, Artificial Intelligence, HWmember, Longbridge Financial, Onity Group, Reverse, Reverse Mortgage Daily /

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Michigan found that 55% of respondents in the 50-and-older age […]

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In New York, many seniors aren’t getting vital support services

Aging in Place, Healthcare, HWmember, New York, Reverse /

New York is among the states where older residents are not receiving adequate levels of in-home care and other support services, according to a report published by a local news outlet. The report cited data from the Office of the New York State Comptroller, which found that some 16,000 of the state’s senior residents “continue

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Forged deed and mortgage fraud cost Georgia couple their home

Georgia, HWmember, Mortgage, Mortgage Fraud, Real Estate Fraud, Reverse, Reverse Mortgage Daily /

A Georgia couple lost their longtime family home after a forged deed led to a reverse mortgage they claimed they never signed, according to reporting from WSB-TV. James and Lucretia Klucken said they began receiving notices in 2019 about repayment on a $50,000 reverse mortgage tied to James’ family property. After reviewing the documents, James,

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As reverse mortgage demand grows, lenders may need more personnel

Continuing Education, HWmember, Loan Officer, Longbridge Financial, Reverse, Reverse Mortgage Daily, Reverse Mortgage Marketing and Sales Training /

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage companies to grow their employee headcounts. But like

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As Social Security turns 90, what will its future hold?

Aging in Place, HWmember, Retirement, Reverse, Reverse Mortgage Daily, Social Security, Social Security Administration /

The Social Security system celebrated its 90th birthday this week. In the wake of this milestone, several policy analysts and news outlets offered their thoughts on the program’s past, present and future. The Committee for a Responsible Federal Budget (CRFB) noted that the safety net program that currently serves some 69 million Americans per month

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Social Security COLA could rise to 2.7% in 2026

HWmember, Inflation, Mortgage, Reverse, Reverse Mortgage Daily, Social Security, Social Security Administration /

The cost-of-living adjustment (COLA) for Social Security benefits could rise to 2.7% in 2026, up from this year’s 2.5%, according to estimates from The Senior Citizens League (TSCL). The COLA is based on the average Consumer Price Index for urban wage earners and clerical workers (CPI-W) for July, August and September, compared with the same

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Outdated manufactured home? This reverse LO could save the day

Aging in Place, California, HECM, HUD, HWmember, Manufactured Housing, Retirement, Reverse, Reverse Mortgage Daily /

Outdated mobile homes that were built before the implementation of modern construction and safety standards in the 1970s can still be found across the country. Seniors living on fixed incomes often own these homes and don’t have a practical solution for replacing them. That’s where Bill Smith comes in. For the past decade, Smith —

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Appeals court throws curve ball in potential class-action suit against Unison

Home Equity, HWmember, Lawsuit, Legal, Reverse, Unison /

The line between reverse mortgages and home equity sharing products got a little blurrier on Thursday when a Ninth Circuit Court of Appeals panel reversed a lower court’s dismissal order in a proposed class-action suit against Unison. The opinion found that the plaintiffs suing Unison have shown that their arrangement with the company amounts to

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HUD is auctioning off 1,600 HECMs — with more to come

Auction, Government Lending, HECM, HUD, HWmember, Mortgage, Mortgage Servicing, Mutual Mortgage Insurance Fund, Reverse /

The U.S. Department of Housing and Urban Development (HUD) is cleaning up its books and auctioning off roughly $444 million in reverse mortgages on Wednesday to reduce the risk to its Mutual Mortgage Insurance (MMI) Fund. The sale includes about 1,600 Home Equity Conversion Mortgages (HECMs) tied to vacant single-family homes where the borrowers are

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Finance of America reports $80M profit, buys out Blackstone

Blackstone Group, Earnings, Finance of America, Graham Fleming, HWmember, Marketing, Reverse, Reverse Mortgage Daily, Technology /

Finance of America (FOA) continued its recent streak of growth in the second quarter of 2025, funding $602 million in mortgages and producing $80 million in net income. FOA, one of the nation’s leading reverse mortgage lenders, exceeded the top end of its stated quarterly guidance for investors as the $602 million in volume from

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