Page 2 - Michael Mccully News Today

While most industry professionals see a new reverse mortgage limit as a positive development for 2024, the attitude is not universal.

Norman and Kent will continue to serve as co-chairs for the NRMLA Board of Directors into a new term ending in late 2024.

The rate environment, lagging case numbers and an issuer pooling four months’ worth of production combined into a lopsided metric picture.

While initially controversial, the financial assessment has materially reduced reverse mortgage defaults according to New View Advisors.

As the company merger transactions played out in March, HECM endorsement volume saw a notable spike while HMBS issuance dipped.

Longbridge Financial has announced the launch of a new field sales channel, and the appointment of an industry veteran to lead it.

Longbridge Financial has announced the launch of a new field sales channel, and the appointment of an industry veteran to lead it.

Analysts covering both the reverse mortgage industry and mortgage more broadly see potential for Longbridge Financial and its buyer.

Analysts who cover both the reverse mortgage industry and Wall Street more broadly see positive potential for Longbridge Financial and its buyer in the wake of the recent acquisition deal.

February reverse mortgage volume showed a slight dip while remaining very high at a level above 5,000 units, while HMBS issuance remained stable.