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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

Reverse Mortgage Appraisal Changes During Coronavirus Bring New Relief, Challenges

Having a prospective property appraised is a key component of ultimately closing a Home Equity Conversion Mortgage (HECM) loan, since the appraisal ultimately helps to determine the amount of equity and proceeds that a borrower will be able to get. The appraisal process often involves an appraiser coming to the home of the prospective borrower, […]

The post Reverse Mortgage Appraisal Changes During Coronavirus Bring New Relief, Challenges appeared first on Reverse Mortgage Daily.


Pfau: Reverse Mortgage Line of Credit Can Protect Against Economic Shock

The reverse mortgage line of credit can be a major tool for those at or near retirement to weather the economic shock of the COVID-19 coronavirus pandemic, particularly because sequence of returns risk amplifies investment volatility. If a retiree has a reverse mortgage in place to draw from while the market remains volatile, then they […]

The post Pfau: Reverse Mortgage Line of Credit Can Protect Against Economic Shock appeared first on Reverse Mortgage Daily.


Coronavirus Crisis Leads to Borrowers Using Standby Reverse Mortgage

An increase in reverse mortgage draw activity by borrowers in March is illustrative of the reliability of drawing on home equity in times of crisis, while also carrying implications for how reverse mortgage products may be perceived on the other side of the COVID-19 coronavirus pandemic. This is according to two financial professionals, based on […]

The post Coronavirus Crisis Leads to Borrowers Using Standby Reverse Mortgage appeared first on Reverse Mortgage Daily.


FAR Releases HomeSafe Product Changes in Light of Pandemic

Finance of America Reverse (FAR) on Monday announced to its partners a series of changes to its line of proprietary reverse mortgage products, called “HomeSafe.” Among these changes is a reduction in the lending limit from $4 million to $3 million, suspension of availability to borrowers aged 60 and 61, and a temporary suspension of […]

The post FAR Releases HomeSafe Product Changes in Light of Pandemic appeared first on Reverse Mortgage Daily.


The RMD Podcast #11: Dr. Wade Pfau

The RMD Podcast is back amidst the global COVID-19 coronavirus pandemic, and RMD Editor Chris Clow is joined by Dr. Wade Pfau, professor of retirement income at the American College of Financial Services and founder of RetirementResearcher.com, to discuss how reverse mortgages can be incorporated into a senior’s retirement plans in the wake of the […]

The post The RMD Podcast #11: Dr. Wade Pfau appeared first on Reverse Mortgage Daily.


How Coronavirus is Impacting Reverse Mortgage Inquiries and Meetings

Reverse mortgage professionals across the country are being inundated with a constantly-evolving situation related to the COVID-19 coronavirus pandemic. For some seniors whose retirement plans have been affected, looking at reverse mortgages has become a way to access needed cash. This is according to outreach conducted by RMD, and results of a recent Pulse Survey […]

The post How Coronavirus is Impacting Reverse Mortgage Inquiries and Meetings appeared first on Reverse Mortgage Daily.


AAG Debuts New Reverse Mortgage Educational Videos

In 2004, the United States Senate passed a resolution which recognizes the month of April as National Financial Literacy Month. In honor of the month’s recognition, American Advisors Group (AAG) has released a series of animated educational videos which are aimed at teaching Americans how they can use home equity as a financial tool in […]

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Senior Housing Wealth Reaches Record High of $7.23 Trillion

Homeowners age 62 and older saw their collective housing wealth increase in Q4 2019 by 0.5% compared to the previous quarter. This constitutes an increase of approximately $39 billion to a record of $7.23 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The […]

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[Updated] FHA Allows 6-Month Relief for Reverse Mortgage Borrowers in Pandemic

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) are instructing servicers of Home Equity Conversion Mortgages (HECMs) to delay due and payable requests on reverse mortgage loans for a period of six months for borrowers that request such relief, since an American at risk of losing his or […]

The post [Updated] FHA Allows 6-Month Relief for Reverse Mortgage Borrowers in Pandemic appeared first on Reverse Mortgage Daily.


Reverse Mortgage Endorsements Dip in March, COVID-19 Impact Not Yet Reflected

Home Equity Conversion Mortgage (HECM) endorsements decreased by 14% to 2,913 loans for the month of March 2020, continuing the slight dip compared to the prior month. The majority of the top 10 lenders recorded endorsement decreases, while 9 of 10 tracked regions were down, as well. This is according to the March HECM Lenders […]

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