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JACK GUTTENTAG: Why the HECM Reverse Mortgage Market Is Stunted

During my lifetime, retirement planning has become more and more challenging. People are living a lot longer, which makes retirement periods longer, and fewer people retire with employer-provided defi... read more

‘Kosher’ Reverse Mortgages: Fixing a Dysfunctional Market

The stunted growth of the HECM program ... with home mortgages, later extended to reverse mortgages. My partners in this effort were Daryl Tubbs, Jack Pritchard and Allan Redstone. As I became aware o... read more

More Proprietary Reverse Mortgages Expected to Enter Market

Even with all the new products, the industry leaders made it clear that there is still room for more, and that a healthy private market can protect against changes in the HECM world ... the borrower u... read more

The Mortgage Professor: Borrower decisions on a HECM reverse mortgages

When weighing whether to take out a home equity conversion mortgage (HECM ... in the market. The third decision the reverse-mortgage borrower must make is the loan provider. However, most of them see ... read more

The Risks Of Reverse Mortgages

Why might ... of the mortgage market where most reverse mortgages are held. Mortgages of all types may be riskier than we realize. Tenure payments last the life of the mortgage, not the life of the re... read more

Mortgage Professor Unveils the Kosher HECM Shopper's Assistant

PHILADELPHIA, PA--(Marketwired - December 14, 2015) - Effective immediately, homeowners aged 62 or over can employ the new HECM Shopper's Assistant (HSA) to shop for the best possible terms on a rever... read more

Fixing the Dysfunctional HECM Reverse Mortgage Market

Fewer than a million reverse mortgages have been written since the HECM program began in 1987, and the current annual rate is only about 60,000. Why ... in this market. On one hand, as in other debt m... read more

Reverse mortgages are not the next subprime

These actions are the reasons why, until recently, reverse mortgages never caught on ... issues exist regarding who should take out an HECM and when they should do so. Seniors face hazards in this mar... read more

US Mortgage Expands HECM Reach with New Hire, More Training

As some reverse ... Mortgage’s “why” for doing this is rooted in the current retirement savings crisis, as study after study shows that baby boomers’ wealth is tied up in their homes rather than in th... read more

Are we currently in a reverse-mortgage renaissance?

Here's the data from FHA (Federal Housing Administration)-insured home equity conversion mortgages (HECMs), which dominate the U.S. reverse mortgage market. Private-label reverse mortgages basically w... read more

Ditech Holding Corp Could Have Over 20x Upside But Is An Extremely Risky Investment

The current market value of ... 195m available to repurchase Reverse Mortgage loans. A scenario could occur, where Ditech has to buy back reverse mortgage loans (HECM) and doesn’t have available ... read more

The Mortgage Professor: Why small home mortgage loans are hard to find

Small unsecured loans through the internet When I wrote an early version of this article in 2007, www.Prosper.com was a new firm chartered to create a virtual market ... many mortgage loans had 5-year ... read more