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Reverse Mortgage Solutions, Inc. (RMS) and REO Management Solutions, LLC were recently acquired by Mortgage Assets Management, LLC (MAM) as part of a stock and asset purchase transaction entered into with Ditech Holding Corporation. MAM is a mortgage portfolio investment company headquartered in Washington, DC.

REO News

Pandemic Urgency Causes Borrowers to Seek Reliability of Private Reverse Mortgages

As proprietary reverse mortgage products have emerged as an increasingly dominant player in the broader reverse mortgage industry, determining what common attributes are shared by a group of borrowers who decide to go the proprietary route becomes essential so that lenders can best tailor their proprietary offerings to meet the needs of their clients. The […]

The post Pandemic Urgency Causes Borrowers to Seek Reliability of Private Reverse Mortgages appeared first on Reverse Mortgage Daily.


Study: Workers Less Confident About Retirement Prospects Due to Pandemic

23% of workers who are either employed or recently unemployed express that their confidence in retiring comfortably has declined due to the economic effects of the COVID-19 coronavirus pandemic. This is according to “Retirement Security Amid COVID-19: The Outlook of Three Generations,” a report released by the nonprofit Transamerica Center for Retirement Studies (TCRS). “Workers […]

The post Study: Workers Less Confident About Retirement Prospects Due to Pandemic appeared first on Reverse Mortgage Daily.


Origins: RMI’s John Lunde on Reverse Mortgage Education and More

Reverse mortgage lenders large and small have come to rely on the data and analysis of Reverse Market Insight over the years, since the company launched in 2007. Under the leadership of co-founder John Lunde, the company offers industry data analysis including market-level data lenders can use to help drive their business forward. What many […]

The post Origins: RMI’s John Lunde on Reverse Mortgage Education and More appeared first on Reverse Mortgage Daily.


Money.com: ‘Everything to Know’ About Reverse Mortgages

As more American seniors find themselves economically impacted by the COVID-19 coronavirus pandemic, more of them may be looking at new financial options that they may not have considered before in order to make ends meet. One of these new potential options may be a reverse mortgage, and it’s in that spirit that Money.com has […]

The post Money.com: ‘Everything to Know’ About Reverse Mortgages appeared first on Reverse Mortgage Daily.


Programming Note: RMD Memorial Day Weekend Schedule

Thank you once again to Reverse Mortgage Daily’s dedicated base of readers for your continued support! As a reminder, RMD will be closed on Monday, May 25 in observance of Memorial Day. Our normal posting schedule and daily email will resume on the morning of Tuesday, May 26. We hope everyone enjoys the long holiday […]

The post Programming Note: RMD Memorial Day Weekend Schedule appeared first on Reverse Mortgage Daily.


Slowing HELOC Market Leads to More Reverse Mortgage Inquiries

Reverse mortgage originators have long heralded the benefits of reverse mortgage options for some prospects relative to home equity lines of credit (HELOCs). Yet recent changes in the home equity lending environment have brought this comparison back to the forefront, and some originators are receiving even more inquiries due to individuals who are interested in […]

The post Slowing HELOC Market Leads to More Reverse Mortgage Inquiries appeared first on Reverse Mortgage Daily.


Late Night Host Makes Reverse Mortgage Joke Over Trump Medication Claims

As the United States continues to grapple with the health and economic impacts of the COVID-19 coronavirus pandemic, President Donald Trump this week announced that he is taking hydroxychloroquine – a traditionally anti-malaria drug – which he has contended is effective against COVID-19. This is despite the lack of scientific evidence and academic corroboration vetting […]

The post Late Night Host Makes Reverse Mortgage Joke Over Trump Medication Claims appeared first on Reverse Mortgage Daily.


‘Unfrozen’ 10-Year LIBOR SWAP Could Spell Gains for Reverse Mortgage Borrowers

The Intercontinental Exchange (ICE) Benchmark Administration published a new 10-year London Interbank Offered Rate (LIBOR) SWAP rate for the first time since February 27 on Tuesday, which will likely sit at 0.68% as of next week. The last published rate at the end of February sat at 1.22%, which means that the new rate could […]

The post ‘Unfrozen’ 10-Year LIBOR SWAP Could Spell Gains for Reverse Mortgage Borrowers appeared first on Reverse Mortgage Daily.


Some Lenders Buck March Reverse Mortgage Declines

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.1% in the month of March 2020, for a total of 2,905 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall was led by the wholesale endorsement segment of business, which experienced a decrease of 17% that month, while retail levels […]

The post Some Lenders Buck March Reverse Mortgage Declines appeared first on Reverse Mortgage Daily.


Lending in the Pandemic: Three Reverse Mortgage Surprises

It’s becoming a familiar 2020 mantra: These are unprecedented times. The coronavirus pandemic has thrown the world into a tailspin, and there’s no clear end in sight. It has affected nearly every industry and institution on the planet, including the reverse mortgage industry. While originators are reporting a spike in borrower interest over the last […]

The post Lending in the Pandemic: Three Reverse Mortgage Surprises appeared first on Reverse Mortgage Daily.