Most Americans hold a favorable view of Social Security, but about one-third are skeptical the program will still exist when they retire, according to new survey data released by the Cato Institute and YouGov. The survey also found that Americans are broadly misinformed about how Social Security works. “Many do not understand how the program […]
Social Security faces insolvency risk as Americans doubt its future Read More »
Ideas for reshaping the federally insured reverse mortgage program and its avenue for secondary market issuance is the hot topic of conversation for industry professionals in late 2025. And New View Advisors added to the discussion last week with a host of comments submitted to the U.S. Department of Housing and Urban Development (HUD) and
New View Advisors floats sweeping changes to HECM, HMBS programs Read More »
The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.
HUD reopens reverse mortgage comment period Read More »
New York Gov. Kathy Hochul has signed legislation to expand property tax exemptions for seniors to up to 65% of their home’s assessed value, raising the ceiling for the first time in decades from the previous 50% cap. “No New York senior should lose their home because they can no longer afford their property taxes,”
New York raises senior property tax exemption to 65% Read More »
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and
NRMLA speaks out on the future of federal reverse mortgage programs Read More »
The Mortgage Bankers Association (MBA)’s proposals to reform federal reverse mortgage programs include seven key recommendations — ranging from the creation of a new securitization option to charging insurance premiums based on the actual amount drawn. In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae
MBA lays out proposed changes for federal reverse mortgage programs Read More »
CMG Financial‘s reverse mortgage division has welcomed John-Robert Martinez as regional manager of reverse for the eastern U.S., effective Monday. The news was confirmed on LinkedIn by Sean Kirksey, CMG’s vice president of reverse mortgage. “Anyone who has worked with John knows how much this is earned,” Kirksey wrote. “He has been our top-producing reverse
CMG promotes John-Robert Martinez to lead reverse business in the East Read More »
Older Americans hold more than $14 trillion in home equity — nearly half the size of the U.S. economy. And while seniors can benefit from tapping their equity through a reverse mortgage product, they can also use the loan proceeds to help family members who might be struggling to afford homeownership. Earlier this week, The
How parents use home equity to help adult children buy homes Read More »
Onity Group, the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage, announced this week that it has chosen to stop originating reverse mortgages. Instead, Onity said it’s selling almost all of its reverse mortgage business to Finance of America (FOA). PHH is selling reverse mortgage servicing rights (MSRs) for
FOA maps next steps after PHH reverse asset acquisition Read More »
Onity Group — the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage — announced on Tuesday that the company has entered into a “strategic relationship” with Finance of America (FOA) to sell $9.6 billion in mortgage servicing rights (MSRs), among other agreements. A press release said that PHH/Liberty will
PHH Mortgage will halt reverse originations, sell MSRs to Finance of America Read More »