New York’s new HECM law could further burden originators and servicers of FHA-insured reverse mortgages, a compliance attorney warned.

A gusher of refinance loans over the second half of the year pushed Ginnie MBS production to a record $498 billion in 2019, up 28% from the previous year. (Includes four data charts.)

Finance of America Reverse has announced a new offering backed by active, first-lien Home Equity Conversion Mortgage loans purchased from Ginnie Mae pools and other third parties.