HECM activity rises in March, but proprietary loans are taking a bite out of business
U.S. reverse mortgage endorsements rose sharply in March following subdued activity in February, but overall volume remains down compared with recent months, according to data released Wednesday by Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) endorsements increased 16.3% in M
Mortgage credit costs jumped 10x in 4 years: CHLA
Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
FOA introduces second-lien reverse mortgage LOC in California
Finance of America (FOA) on Thursday introduced HomeSafe Second Line of Credit, a second-lien reverse mortgage line of credit now available in California that lets homeowners 55 and older tap home equity over time without refinancing or taking on a new required monthly mortgage payment. The product,
Pamela Heman
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