A proposal from the Urban Institute calls for a revamp of the refi process to make it more equitable for lower-income borrowers and borrowers of color.
As the refinance business slows, employers should be careful not to use the downturn as an excuse to cut back on compensation, hiring experts warn. Despite lower originations, LO recruiting remains a key focus.
Refinances made up nearly 50% of the reverse mortgages originated in the second quarter of 2021. Overall volume in the HECM market increased in the first six months compared to the same period a year earlier. (Includes two data charts.)