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REO News

Retirement Confidence Rebounds, Hits All-Time High

With a generally stronger economy in the United States and a high level of performance in the stock market, confidence in the ability for workers and retirees to fund their post-work lives has increased to all-time highs. This is according to the 2019 Retirement Confidence Survey Summary Report, conducted and released by the Employee Benefit […]

The post Retirement Confidence Rebounds, Hits All-Time High appeared first on Reverse Mortgage Daily.


Study: Home Equity a Major Factor in Senior Housing Affordability Crisis

By 2029, over half of the United States’ projected 14.4 million middle-income seniors (aged 75 and older) will not have sufficient financial resources to pay for specialized housing and health care needs. This is according to a study released by Health Affairs, and authored by researchers at the University of Chicago, the University of Maryland […]

The post Study: Home Equity a Major Factor in Senior Housing Affordability Crisis appeared first on Reverse Mortgage Daily.


Overcoming the ‘Language Barrier’ Between Forward and Reverse Mortgages

There’s a shift under way toward more originators offering both reverse mortgage and forward mortgage products. Yet a complicating factor in this transition out of forward mortgages is the fact that the two industries use different terms to discuss similar concepts. This is a complicating factor identified by Michael Banner, president of Professional Mortgage Alliance, […]

The post Overcoming the ‘Language Barrier’ Between Forward and Reverse Mortgages appeared first on Reverse Mortgage Daily.


Report: Social Security to Run Out of Funds in 2036

The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet […]

The post Report: Social Security to Run Out of Funds in 2036 appeared first on Reverse Mortgage Daily.


CFPB to Dig Deeper in Investigations Under New Policy

The Consumer Financial Protection Bureau announced changes to its policies regarding Civil Investigative Demands (CIDs) on Tuesday in order to, “ensure they provide more information about the potentially wrongful conduct under investigation,” according to an announcement press release. A Civil Investigative Demand is a mechanism used by both state and federal investigators to collect information […]

The post CFPB to Dig Deeper in Investigations Under New Policy appeared first on Reverse Mortgage Daily.


Giordano’s ‘What’s the Deal with Reverse Mortgages?’ Gets Second Edition

The reverse mortgage industry is one where the rules and realities that govern it can change on a very quick basis, and because of that, the literature that’s dedicated to telling people about it needs to change, too. This was one of the basic realities understood by Shelley Giordano, founder and chair of the Funding […]

The post Giordano’s ‘What’s the Deal with Reverse Mortgages?’ Gets Second Edition appeared first on Reverse Mortgage Daily.


The Street: How a Reverse Mortgage Can Reduce Retirement Risks

Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi  and Justin Ho in a new article posted to TheStreet. “To be sure, no one product or strategy can manage or mitigate all […]

The post The Street: How a Reverse Mortgage Can Reduce Retirement Risks appeared first on Reverse Mortgage Daily.


How to Manage Reverse Mortgage Expectations for Condo Owners

The difficulties that surround establishing a reverse mortgage transaction with a condominium as the liened property is a persistent issue in the larger reverse mortgage industry, and requires a degree of sensitivity from loan officers working with potential borrowers who are trying to use  a condo as the basis for a reverse mortgage. Because of […]

The post How to Manage Reverse Mortgage Expectations for Condo Owners appeared first on Reverse Mortgage Daily.


Pfau Debunks Reverse Mortgage Critics’ Misconceptions

When examining the totality of negative press that reverse mortgage products have to endure, many of the most persistent reputational hurdles faced by the products arise from people viewing the products themselves in isolation as opposed to a single part of a larger retirement strategy. This is according to Dr. Wade Pfau, professor of retirement […]

The post Pfau Debunks Reverse Mortgage Critics’ Misconceptions appeared first on Reverse Mortgage Daily.


Ginnie Mae Brings Platinum Channel to Reverse Mortgage Securities

The Government National Mortgage Association (GNMA), also known as Ginnie Mae, announced on Thursday that mortgage securities backed by Home Equity Conversion Mortgages (HECMs) can now make use of a new “platinum” securities execution: the Home Equity Conversion Mortgages Backed Security (HMBS) Platinum securitization channel. This option, “eases the administrative costs of holding multiple (and […]

The post Ginnie Mae Brings Platinum Channel to Reverse Mortgage Securities appeared first on Reverse Mortgage Daily.