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Generational gaps in retirement plans for small-business owners

Gen X, Gen Z, HWmember, Millennials, Retirement, Reverse /

A report released Monday by Capital Group found large disparities between various generations of entrepreneurs and the retirement options available to them. The Small Business America report — based on an April 2025 survey of 1,000 small-business owners regarding their outlook and readiness to offer retirement benefits — found that overall business optimism is high […]

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Hometap continues to fight ‘illegal reverse mortgage’ lawsuit in Massachusetts

Home Equity, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Massachusetts Division of Banks, Reverse, Reverse Mortgage Daily /

A lawsuit filed earlier this year by the state of Massachusetts against home equity investment (HEI) provider Hometap is being allowed to proceed after a ruling in August by a Suffolk County Superior Court judge. And the parties made new filings in court last week as they attempt to convince the court of the merits

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Longbridge posts $8.6M profit, record proprietary reverse volume

Earnings, Ellington Financial, HWmember, LendingLife, Longbridge Financial, Mortgage Servicing, Reverse, Reverse Mortgage Daily /

Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million

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Government shutdown impacts senior access to services

Government, Healthcare, HWmember, Retirement, Reverse, Social Security, Social Security Administration, USDA /

The federal government shutdown is set to reach one month on Saturday, and the impacts are being felt by many Americans, including seniors who are struggling to access food, health care and a variety of support services. An article published last week by national senior advocacy group AARP highlighted some of the difficulties being faced

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Social Security COLA will increase 2.8% in 2026

HWmember, Retirement, Reverse, Social Security, Social Security Administration /

The Social Security Administration (SSA) on Friday announced that its cost-of-living adjustment (COLA) will rise 2.8% in 2026. Among the 53 million Americans who receive Social Security benefits in retirement, that will translate to an additional $56 per month. The average monthly payment to retirees will rise to $2,056, the SSA reported. The 2.8% increase

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Unison settles lawsuit after HEI product ruled to be reverse mortgage

Colorado, Home Equity, Hometap, Lawsuit, Legal, Massachusetts, Reverse, Reverse Mortgage Daily, Unison, Washington /

A legal battle over the validity of home equity investments (HEIs) and whether they should be classified as reverse mortgages has come to an end in Washington state. Unison, one of the nation’s leading providers of HEI products, settled the case with plaintiffs Charles and Janine Olson, according to court documents reviewed by HousingWire’s Reverse

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Americans worry about retirement income sustainability

HWmember, Retirement, Reverse, Social Security /

Nearly 90% of working-age Americans are concerned about how they’ll generate income in retirement — and more than half worry about outliving their savings. That’s according to the 2025 U.S. Retirement Survey by Schroders, a London-based multinational asset manager. The report, released Tuesday, found that 87% of Americans who’ve yet to retire expressed at least

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Senior homeowner wealth hits new record high of $14.4 trillion

Home Equity, HWmember, ICE Mortgage Technology, Mortgage, NRMLA, Reverse, Reverse Mortgage Daily, RiskSpan /

U.S. homeowners 62 and older saw their housing wealth grow by 4% in the second quarter of 2025 to a total of $14.39 trillion. That’s according to the latest quarterly report released Friday by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The previous record for senior-held home equity was $14.18 trillion

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Longbridge talks new tech tools at NRMLA meeting

Artificial Intelligence, HELOCs, HWmember, Longbridge Financial, NRMLA, Reverse, Reverse Mortgage Daily, Technology, Wholesale Lending /

Executives from Longbridge Financial gathered last week at the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting to discuss the company’s suite of technology tools and lending products aimed at helping wholesale reverse mortgage partners grow their businesses and better serve older homeowners. Wholesale and correspondent manager Bill Nolan opened the company’s session at the event by

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Longbridge employs One Diligence’s AI platform

Artificial Intelligence, LendingLife, Longbridge Financial, Reverse, Technology /

One Diligence, a provider of reviews and outsourcing solutions to the residential mortgage industry, announced on Thursday that reverse mortgage lender Longbridge Financial has implemented its artificial intelligence–driven platform to enhance accuracy and efficiency in loan servicing operations. Longbridge found an opportunity to improve how it verifies loan data between its origination system and loan

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