June 3, 2025

HECM

Mortgage

HUD OIG reveals ongoing reverse mortgage oversight priority

“In 2015, HUD set a requirement for some HECM borrowers to maintain a Life Expectancy Set Aside to pay for future property taxes, insurance premiums, and flood insurance on behalf of the borrower,” HUD explained in its announcement. “Our objective is to determine if HUD’s HECM Life Expectancy Set Aside calculations are meeting program goals.”

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Finance

Finance of America posts a profit in Q1 2025

the company also viewed the first quarter of the year as a “strategic turning point” for the FOA brand, according to CEO Graham Fleming. Brand moves “With the recent launch of our new ‘A Better Way with FOA’ campaign, we are redefining how reverse mortgages are understood, moving the product from the margins into the

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Mortgage

Reverse mortgage volume, securities issuance increased in April

This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from Ginnie Mae and private sources compiled by New View Advisors. HECM endorsements, HUD data Jon McCue, RMI’s director of client relations, told HousingWire’s Reverse Mortgage Daily (RMD) that rate movements are the likely culprit behind last month’s

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Mortgage

Is reverse mortgage momentum among financial advisers slowing?

This is according to Wade Pfau, professor of retirement income at the American College of Financial Services. Pfau spoke with HousingWire’s Reverse Mortgage Daily (RMD) about the potential role for Home Equity Conversion Mortgage (HECM) products in light of recent tariff-induced market volatility. Wade Pfau “I would say closer to five years ago, I did

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Finance

Finance of America reports Q4 loss, full-year profit for 2024

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. In a Wednesday earnings call, company leaders outlined their assessment of the reverse mortgage market moving forward, describing 2024 as a year of “momentum” for the company owing to the achievement of

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