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Reverse Mortgage Daily

Will HUD’s new guidelines transform reverse mortgage counseling?

Counseling, Credit.org, HUD, HWmember, Regulatory, Reverse, Reverse Mortgage Daily /

The U.S. Department of Housing and Urban Development (HUD) has issued regulatory guidance in the past year that has had a “significant impact on counseling” for prospective Home Equity Conversion Mortgage (HECM) borrowers. That’s according to Melinda Opperman, the chief external affairs officer for Credit.org, a national nonprofit financial counseling agency. In a recent interview […]

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Reverse mortgage production metrics took a tumble in August

Finance of America, HECM, HMBS, HWmember, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, Reverse, Reverse Mortgage Daily /

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in August, even as a handful of reverse mortgage lenders continued to dominate the market. The Federal Housing Administration (FHA) insured 2,062 HECMs in August, according to data compiled by New View Advisors that was released on Wednesday. That marked a 13% decline from July and the

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YouTubers set trap for crime ring targeting seniors, resulting in 25 arrests

Cybersecurity, FBI, HWmember, Reverse, Reverse Mortgage Daily, YouTube /

Federal agents have disrupted a long-running fraud scheme targeting seniors, arresting 25 members of a Chinese criminal gang over the past week. The twist? The agents were assisted by YouTubers who set and sprang the trap on the fraudsters, who are charged with stealing $65 million from seniors nationwide. The criminal group, made up of

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NAF targets reverse mortgage growth with ‘connective tissue’ marketing tactics

HECM, Home Equity, HWmember, LendingLife, Marketing, New American Funding, Reverse, Reverse Mortgage Daily /

More than a year ago, New American Funding (NAF) launched a new marketing campaign that’s designed to inject a fresh attitude into how consumers view reverse mortgage products. Unlike NAF’s multimillion-dollar forward mortgage campaign, “Hell Yeah You’re Buying a Home,” which was announced last month, the reverse-centric “Old Wives” campaign isn’t something you’ll find on

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The new smart home technology that’s helping seniors age in place

Aging in Place, Healthcare, HWmember, Reverse, Reverse Mortgage Daily, Smart Homes, Technology /

About one in four Americans are at least 60 years old, and this group now outnumbers children in 11 states and in nearly half of all U.S. counties. Technological advancements are needed to serve a senior population that overwhelming prefers to age in place. Whether a client needs technology for life-saving reasons or mere convenience,

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Reverse mortgage lenders log Q2 profits amid home equity, AI push

Artificial Intelligence, Earnings, Ellington Financial, Finance of America, Home Equity, HWmember, LendingLife, Mortgage, Onity Group, Reverse, Reverse Mortgage Daily /

The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop.  As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as

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As seniors gain comfort with AI, how should reverse mortgage lenders respond?

Aging in Place, Artificial Intelligence, HWmember, Longbridge Financial, Onity Group, Reverse, Reverse Mortgage Daily /

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Michigan found that 55% of respondents in the 50-and-older age

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Forged deed and mortgage fraud cost Georgia couple their home

Georgia, HWmember, Mortgage, Mortgage Fraud, Real Estate Fraud, Reverse, Reverse Mortgage Daily /

A Georgia couple lost their longtime family home after a forged deed led to a reverse mortgage they claimed they never signed, according to reporting from WSB-TV. James and Lucretia Klucken said they began receiving notices in 2019 about repayment on a $50,000 reverse mortgage tied to James’ family property. After reviewing the documents, James,

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As reverse mortgage demand grows, lenders may need more personnel

Continuing Education, HWmember, Loan Officer, Longbridge Financial, Reverse, Reverse Mortgage Daily, Reverse Mortgage Marketing and Sales Training /

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage companies to grow their employee headcounts. But like

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As Social Security turns 90, what will its future hold?

Aging in Place, HWmember, Retirement, Reverse, Reverse Mortgage Daily, Social Security, Social Security Administration /

The Social Security system celebrated its 90th birthday this week. In the wake of this milestone, several policy analysts and news outlets offered their thoughts on the program’s past, present and future. The Committee for a Responsible Federal Budget (CRFB) noted that the safety net program that currently serves some 69 million Americans per month

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