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One in Three U.S. Households Will be 65+ By 2035
The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist to measuring the coming wave of American seniors: In 2035, households with members aged 65 and older will account for a […]
HighTechLending Hires Dang as VP of National Marketing
The Irvine, Calif.-based reverse mortgage lender HighTechLending this week added a veteran of American Advisors Group as its new vice president of national marketing. Vivian Dang joined HighTechLending, which offers Home Equity Conversion Mortgages under the trade name American Senior, from AAG, where she spent four years as senior director of marketing. In her new […]
According to Multiple Metrics, Home Equity Levels Keep Rising
By multiple counts, the level of untapped home equity in the United States just keeps rising. A pair of reports released this month show that the recent trend continues unabated, with real estate analysis firm CoreLogic reporting a 13.3% year-over-year gain among all Americans with mortgaged homes and the National Reverse Mortgage Lenders Association finding […]
Editor’s Take: Reverse Mortgage Industry Can’t Bite the Helping Hands Reaching Out
I’ll start off this piece with a disclaimer: I have only covered the reverse mortgage industry for this publication for about a year and a half. I earned a bachelor’s degree in print and multimedia journalism, not finance, from a small liberal arts college that didn’t have anything close to a math or economics department. […]
Reverse Mortgage Endorsements Fall Another 22% in April
The reverse mortgage origination numbers continued their plunge in April, dropping even further than the March results as wholesale endorsements again bore the brunt of the drop. Total volume slid 22.1% in April among both Federal Housing Administration-approved lenders and non-FHA firms, according to the most recent data from Reverse Market Insight. Wholesale endorsements dropped […]