Gate House Partners Weigh in on Challenges in the Reverse Mortgage Market

In their recent article for Reverse Mortgage Daily, Gate House Partners Keith Becker, Dror Oppenheimer, and Michael Marshall discuss the pressures in the housing finance market relative to reverse or home equity conversion mortgages (HECMs), suggesting action is needed to avoid further failures of Ginnie Mae HECM servicers and issuers. If reverse servicers and “issuers”  are a … Read More

HECM Program Has Evolved as Secretary Held Has Grown, Servicing Challenges Rise

Gate House Chairman Brian Montgomery recently spoke with Chris Clow of Reverse Mortgage Daily to discuss HUD’s reverse mortgage (Home Equity Conversion Mortgage or “HECM”) program and the impact of that program in the recent budget request.The growth in the Secretary-held HECM portfolio which has been significant in recent years, and the challenges presented to servicing that … Read More