FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. While the reverse industry has faced unique headwinds over the past couple of years, the company is se

Reverse mortgage alums secure financing for alternative equity-tapping product

Cornerstone Financing, a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The funding will go to support the company’s specialty home equity-tapping product known

Mexico’s president launches ambitious, zero-interest mortgage plan

One month into her presidency, Mexican President Claudia Sheinbaum announced a new initiative to address her country’s housing deficit by building 1 homes and offering zero-interest mortgages, a development first reported by Newsweek. The program is designed to support vulnerable groups, including f

Here’s where economists think the housing market is headed

Housing markets across the country have stalled since mortgage rates began to rise in 2022, but relief may be on the way. That’s according to Lawrence Yun, chief economist for the National Association of Realtors (NAR), whose latest forecast calls for a 9% increase in home sales in 2025 and a furthe