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Reverse Mortgage Daily

Seniors want to age in place, but family caregivers face strains on multiple fronts

Aging in Place, Baby Boomer, Healthcare, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

As America’s population continues to grow older, family members are increasingly stepping into demanding roles as caregivers — which often comes at considerable personal cost. A Pew Research Center survey of 8,750 U.S. adults found that one in 10 reports serving as a caregiver for a parent 65 or older. Another 3 % care for a […]

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Loren Riddick on reverse refi churning, HECM misconceptions

HECM, HWmember, Loan Officer, Mortgage Broker, NEXA Lending, Refinancing, Reverse, Reverse Mortgage Daily /

Editor’s note: Welcome to the second installment of the Monday Morning Q&A from HousingWire’s Reverse Mortgage Daily (RMD). Each Monday morning, the RMD newsletter will feature an in-depth interview with a reverse mortgage industry figure on a wide range of topics including loan origination and servicing, product development and technology. Loren Riddick, national director of

Loren Riddick on reverse refi churning, HECM misconceptions Read More »

New Jersey reverse mortgage counseling bill would have ‘chilling effect’ on senior home equity use, NRMLA says

Counseling, HECM, HWmember, Legislation, New Jersey, NRMLA, Reverse, Reverse Mortgage Daily /

The National Reverse Mortgage Lenders Association (NRMLA) this week sent a letter to a New Jersey lawmaker, stating its opposition to a legislative proposal tied to reverse mortgage counseling requirements in the Garden State. The letter is addressed to state Sen. Shirley Turner (D), the sponsor of New Jersey Senate Bill 264, which creates “pre-loan

New Jersey reverse mortgage counseling bill would have ‘chilling effect’ on senior home equity use, NRMLA says Read More »

Retirement planning faces longevity risk as Americans live longer

Financial Adviser, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Advancements in health care mean that Americans are living longer than ever. Data from the National Center for Health Statistics shows that U.S. residents born in 2024 have an average life expectancy of 79, an increase of more than six months compared to 2023. While a longer life span is positive news, it also means

Retirement planning faces longevity risk as Americans live longer Read More »

Dan Hultquist on reverse mortgage policy reform and more

HECM, HUD, HWmember, Movement Mortgage, Reverse, Reverse Mortgage Daily, Technology /

Editor’s note: Welcome to the first installment of the Monday Morning Q&A from HousingWire’s Reverse Mortgage Daily (RMD). Each Monday morning, the RMD newsletter will feature an in-depth interview with a reverse mortgage industry figure on a wide range of topics including loan origination and servicing, product development and technology. Dan Hultquist has no shortage

Dan Hultquist on reverse mortgage policy reform and more Read More »

Older women worry about retirement security, making them prime reverse mortgage candidates

AARP, Affordability, HECM, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Women who are 50 and older are feeling the pinch of rising costs and economic uncertainty, even as they enjoy time with their family and hobbies, according to a new AARP survey. The research, part of AARP’s “She’s the Difference” series, highlights financial concerns that weigh heavily on older women — particularly when it comes

Older women worry about retirement security, making them prime reverse mortgage candidates Read More »

Fairway Home Mortgage announces educational partnership for home equity adviser credential

Continuing Education, Fairway Home Mortgage, Financial Adviser, Home Equity, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Fairway Home Mortgage on Tuesday announced a partnership with the National Association of Insurance and Financial Advisors (NAIFA) to unveil a new educational credential for NAIFA members. The Certified Home Equity Advisor (CHEA) credential aims to help financial and insurance professionals “responsibly integrate home equity into comprehensive retirement planning,” Fairway explained in a press release.

Fairway Home Mortgage announces educational partnership for home equity adviser credential Read More »

Home equity props up retirees as savings fall short

Baby Boomer, Gen X, Home Equity, HWmember, Retirement, Reverse, Reverse Mortgage Daily, Social Security /

More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 paints a stark picture of retirement preparedness for the

Home equity props up retirees as savings fall short Read More »

Here are the nation’s top reverse mortgage brokers for 2025

HECM, HWmember, Mortgage, Reverse, Reverse Market Insight, Reverse Mortgage Daily /

Direct retail endorsements for Home Equity Conversion Mortgages (HECMs) don’t capture the full picture of origination activity in the federally insured reverse mortgage space. Reverse Market Insight (RMI) and HECMWorld are looking to change that. On Thursday, HECMWorld published an RMI dataset of HECM endorsements through brokers and third-party originators (TPOs). The initial report covers

Here are the nation’s top reverse mortgage brokers for 2025 Read More »

Mutual of Omaha hires veteran Tommy Noyes for reverse wholesale role

Liberty Reverse Mortgage, Mutual of Omaha, Mutual of Omaha Mortgage, People Movers, Reverse, Reverse Mortgage Daily, Team Leaders, Wholesale Lending /

Tommy Noyes has joined Mutual of Omaha Mortgage from Liberty Reverse Mortgage as a national wholesale account executive for Mutual’s reverse mortgage business, the company announced Tuesday. In the role, Noyes will focus on deepening customer relationships and supporting the growth of the company’s third-party channel. Noyes spent 17 years at Liberty, where he became

Mutual of Omaha hires veteran Tommy Noyes for reverse wholesale role Read More »