The reverse mortgage market appeared to recover in July after dipping in June, according to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI) that was released late last week. HECM endorsements rose 5.6% in July to 2,369 loans, the highest level recorded since February 2025. HECMs also saw regional gains […]
HECM endorsements rise to highest level since February Read More »
The American dream of homeownership has been a way to build wealth for decades as people pay down their debt while their homes appreciate in value. The result is a nice home equity nest egg — especially for seniors who have owned homes for many years. But an outdated tax law could claw back much of
Outdated tax law could cost senior homeowners looking to sell Read More »
After a public backlash against the Social Security Administration (SSA) earlier this year, the federal agency said it would walk back some of its plans that would’ve required more beneficiaries to make in-person office visits. But a report released this week by the Center on Budget and Policy Priorities (CBPP), a nonpartisan research group, counteracts
Social Security beneficiaries could soon face more hurdles Read More »
Longbridge Financial, one of the nation’s leading reverse mortgage lenders, on Tuesday announced the hiring of Azita Guzzo as its new head of technology innovation. Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanced customer service and improved operational efficiency. “Azita’s deep expertise
Longbridge hires Azita Guzzo to head up tech innovation efforts Read More »
Amid increasing levels of mortgage fraud, the FBI has renewed a warning to Americans about an app that could trick victims into losing their entire banking, savings, retirement or investment accounts. The FBI first issued a public service announcement on the Phantom Hacker scam in September 2023. But on July 15, the bureau’s Los Angeles
FBI reissues warning on scam that wipes out bank accounts Read More »
As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid. But there’s a group stuck between the two — those who are too “rich” for Medicaid benefits but not wealthy enough to
Long-term health care costs are exploding. A reverse mortgage could help Read More »
Nearly two-thirds of retirees are dissatisfied with Social Security benefits, according to a new survey conducted by The Senior Citizens League (TSCL). The average monthly Social Security check reached north of $2,000 this year, according to the survey, with just 10% of the 1,920 respondents saying they were satisfied with that amount. Roughly 63% reported
Nearly two-thirds of seniors are unhappy with Social Security checks Read More »
On Wednesday, Reverse Mortgage Daily (RMD) brought you a ranking of the top five reverse mortgage loan originators in America. Today, we’ll round out the rest of the top 10 based on data from mortgage recruiting software provider Modex. #6: Jacob Flax, Caliver Beach Mortgage, $76.17 million The third member of the Caliver Beach Mortgage
The top 10 reverse mortgage LOs in the country Read More »
Over the past 12 months, Jason Stultz of Caliver Beach Mortgage has been on quite a hot streak. The Maryland-based mortgage broker has originated roughly $193 million in reverse mortgages in that time — easily the most production of any LO in the industry, according to mortgage data platform Modex. Per Modex, a significant chunk
Meet the top 5 reverse mortgage originators in America Read More »
Almost two-thirds of Americans say they worry more about running out of money in retirement than about dying — and for many, that fear may become a reality. According to a survey from retirement technology firm IRALogix, about half of America’s retirees don’t take any systematic approach to withdrawing their many billions of dollars in
Most Americans retire without a savings withdrawal plan Read More »