HECM activity rises in March, but proprietary loans are taking a bite out of business
U.S. reverse mortgage endorsements rose sharply in March following subdued activity in February, but overall volume remains down compared with recent months, according to data released Wednesday by Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) endorsements increased 16.3% in M
FOA introduces second-lien reverse mortgage LOC in California
Finance of America (FOA) on Thursday introduced HomeSafe Second Line of Credit, a second-lien reverse mortgage line of credit now available in California that lets homeowners 55 and older tap home equity over time without refinancing or taking on a new required monthly mortgage payment. The product,
NAR rolls out expertise-based application process for 2027 committees
The National Association of Realtors (NAR) has introduced an expertise-driven application process for its 2027 governance committees, aiming to match members to roles based on their experience, qualifications and leadership background, the trade group announced Thursday. This announcement comes one
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