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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

Mortgage 435
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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 459
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Bill Dallas to speak at engage.marketing on June 17

Housing Wire

In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and a team to modernize the traditional mortgage business. The challenges of helping consumers become homeowners in this housing market is why we’ve designed engage.marketing around “All Eyes on Purchase.” Not a member?

Finance 370
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How builders can support baby boomers in their second phase of life

Housing Wire

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022. Most of these communities have amenities designed to foster connection.

Design 467
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Shellpoint’s Debbie Thayer to speak at Spring Summit

Housing Wire

Previously, Thayer worked at Litton Loan Servicing, where she managed multiple functions as vice president of loan administration, before moving to loss mitigation as vice president just prior to the mortgage crisis in 2009.

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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

After spending about 20 years as a banking lawyer, Mayopoulos joined Fannie Mae in 2009 as general counsel and corporate secretary of the government-sponsored enterprise — shortly after it was taken over by the federal government at the height of the financial crisis. LendingClub’s mission is to transform the banking system.

Insurance 397
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Layoffs hit Sales Boomerang, Mortgage Coach

Housing Wire

Founded in 2009 and based in California, Mortgage Coach provides an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

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