Ginnie Mae announced this week that it is adding a new pool-level, low-to-moderate income (LMI) disclosure to its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.The move is part of an ongoing effort by the company to improve its securities disclosures, something that began i

The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey, nearly 40% of U.S. renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago.While lack of affordability is

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts.While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse lend

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.”That’s one of the key conclusions reached by the BlackFin Group in a recently pub