Proprietary reverse loans overtake HECMs for 54% market share
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
Reverse mortgages
HUD reopens $454M reverse-mortgage pool for bids Sept. 1
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
Aging-in-place trend props up proprietary reverse surge
Equity levels grew to start 2026 after pulling back to end last year, as older homeowners increasingly say they prefer to remain in place rather than downsize.
HECMs lose ground to proprietary reverse products
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
Finance of America reports 3Q loss, nine-month profit
Home price modeling changes hurt FOA's third-quarter interim results but it was in the black between January and September on a continuing operations basis.
Brean ABS returns to raise $191.3 million backed by reverse mortgage bonds
The class A1 notes have the lowest cumulative advance rate, which combines the interest and mortgage insurance rates to show the monthly increase in the line of credit, at 95.5%.
Senior borrowing, home equity set records
The outstanding amount that people ages 62 and up hold represented a nearly $15.4 billion gain in property value offset by a record $2.32 billion in borrowing.
AARP joins reverse-mortgage lawsuit, judge limits discovery
The judge also sealed a document in the lawsuit the AARP Foundation joined but the defendants still must produce fee codes in the proposed class action.
FHA finalizes new servicing incentives for reverse mortgages
The incentives are part of a broader set of Federal Housing Administration servicing changes for Home Equity Conversion Mortgages that also offers some new options for procedures.
More HECMs could be used for home purchases under proposed changes
If the Federal Housing Administration's rulemaking on home equity conversion mortgages were to go into effect as written, borrower contributions would be reduced by thousands of dollars.
Fitch downgrades Finance of America on losses in strategic shift
While the company's long-term issuer default rating has slipped a little, affiliates of Blackstone that have a higher one back the reverse mortgage player.
Ginnie Mae reduces minimum size for securitized HECM pools by 75%
Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.
Reverse mortgage issuer Brean prepares to raise $155.2 million in MBS
Borrowers that are couples, and where the female is younger, account for 32.55% of the pool's aggregate unpaid principal balance, the plurality.
HECMs prove troublesome for some borrowers and lenders
While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports. Miscommunication and misunderstandings about the rules surrounding the Federal Housing Administration’s home equity conversion mortgage, or HECM program, are leading […]
Fairway investing in its reverse mortgage lending business
This move comes at a time when the largest HECM producer sold its operations to a rival and another filed for bankruptcy.
Celink becomes HUD’s official reverse mortgage subservicer
The Lansing, Michigan-based firm was awarded the contract this spring and takes over from Novad Management Consulting, which had previously serviced government-held HECMs since 2014.
Finance of America acquiring top reverse lender AAG
The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.
Reverse mortgages see steep monthly pullback in September
In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.
Ginnie Mae provides more leeway for Libor-indexed reverse mortgages
The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.
Canadian reverse-mortgage lender marks return to securitization
HomeEquity will sell an as-yet undetermined volume of notes to finance forthcoming originations by the bank sponsored by Birch Hill Equity Partners Management.
By
Glen Fest
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