Reverse Mortgage News by HECMWorld

E829: F is for Family...and Fraud.

• [Michigan Live] F Stands for Family...and Fraud.
• [The Associated Press] Some older Americans splurge to keep homes accessible.
• [Yahoo Finance] Older mortgage applicants are more likely to be denied a mortgage.

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E792: The U.S. Housing Market is Caught in a Trap!

• [HUD] Updated HUD Counseling Handbook includes enhanced HECM guidance
• [RMD] Former Live Well CEO denied motion for a new trial
  [US News] The U.S. Housing Market is Caught in a Trap 

#789: The 10-year CMT Index is forecast to drop in 2024

• [Reverse Market Insight] The reverse mortgage Market Minute with Jon McCue
• [Financial Advisor Magazine] The complex truth about reverse mortgages
• [Money.com] Americans say they’ll need $5,000 a month to retire comfortably

E788: Will demographics be the saving grace for HECM lending?

• [Reverse Mortgage Daily] Will demographics be the saving grace for HECM lending?
• [Reverse Mortgage Daily] The State of Hawaii says now-bankrupt RMF owes unpaid taxes
• [Housing Wire] The CFPB issues a nearly $2M fine to one mortgage lender and real estate agency

E787: Mortgage rates may go down in the fall

• [Housing Wire] Mortgage rates may go down in the fall
• [Reverse Mortgage Daily] Finance of America Companies Post $221M Loss
• [CNBC] Only 10% plan to postpone Social Security...

E786: If mortgage rates fall to 5% the housing market could get interesting

• [Housing Wire] If mortgage rates fall to 5% the housing market could get interesting
• [News Channel 8] Credit Denied: Dave Bancroft shares his experience and why more Americans’ loan applications are being denied
• [RMD] HECM endorsements grow while the secondary market is challenged

E784: The Mortgage News Roundup from across the nation

• [Various Sources] NEW: The Mortgage News Roundup.
• [Reverse Market Insight] The Reverse Market Minute with Jon McCue.
• [RMD] Why proprietary reverse mortgage loan volume has declined in California.

E779: Tightening mortgage credit may boost reverse mortgages

• [Housing Wire] Tightening mortgage credit may boost the HECM
• [Finance of America Reverse] Can You Use a Reverse Mortgage to Build an ADU?
• [Reverse Mortgage Daily] Reverse mortgages loans ready to expand in Europe

E772: The Problem with being House-Rich

• [The Chrisman Commentary ] Chrisman Commentary addresses reverse mortgages
• [A Wealth of Common Sense] What are the problems with being house-rich? One columnist explains the downside of locked-up home equity…
• [KBTX News] Communication breakdown leads to reverse mortgage foreclosur

E768: One broker shares lessons learned from the great recession for today’s market

• [Mortgage Professionals of America] One broker shares lessons learned from the great recession
• [Reverse Mortgage Daily] Housing experts weigh in on avoiding a HECM market collapse
• [Mortgage Orb] National Association of Mortgage Brokers Partners with Liberty Reverse Mortgage