#hecm

#hecm

Tracy Milligan joins Mutual of Omaha to enhance its reverse mortgage offerings with her extensive industry experience.

Proprietary loans may now be a viable option for some borrowers looking beyond traditional HECMs.

Longbridge expects significant growth in its proprietary loan offerings amid changes in FHA regulations.

HECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.

Positive interest rates and FHA case number assignments are boosting industry performance.

The reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

The NRMLA plans to host impactful regional meetings focusing on industry insights and cost-effective participation.

Endorsement predictions are uncertain without recent application data, compounded by rising interest rates.

Competition remains fierce among top lenders in HECM endorsements despite market fluctuations.

HECM endorsements decreased by 6.1% in February, reflecting a new normal in the rate environment according to industry experts.

HECM loan endorsements have declined due to rising interest rates, with most lenders experiencing drops except for HighTechLending which gained significantly.

Ginnie Mae's HMBS 2.0 program aims to improve liquidity and sustainability in the reverse mortgage market through new guidelines and incentives.

TCB's claim regarding Ginnie Mae's authority over collateral in HECM loans is disputed by the government, emphasizing whole mortgages are indivisible in HMBS.

Ginnie Mae's extinguishment power over mortgages includes HECM-backed Securities, according to Judge Kacsmaryk's ruling.

Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.

Top lenders dominate reverse mortgage market, comprising 88.6% of originations according to CFPB's 2023 report.

CFPB data highlights focus is primarily on HECM, while proprietary mortgages are gaining traction.

Reverse mortgage misconceptions can lead to confusion; the line of credit growth is not classified as income but as loan proceeds.

Interactive education helps clarify and dispel myths in reverse mortgage presentations.

The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.

The NRMLA 2024 Annual Meeting and Expo will focus on key topics like HECM for Purchase and feature updates from federal housing officials.

Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.

FHA Commissioner Julia Gordon emphasizes the growing importance of the HECM program for financially unprepared seniors.