NatEquity is a company based in California that specializes in originating, servicing, and managing lifetime shared appreciation equity access products. The company focuses on providing senior homeowners with access to their home equity to alleviate financial stress and secure excess lifetime income, particularly in coastal California.
Peter Mazonas, with 35 years of experience in the reverse mortgage industry, has been instrumental in various initiatives. During his time at Transamerica HomeFirst, he established the first housing counseling program in collaboration with the San Mateo County Area Office on Aging. Mazonas is known for creating and managing the first successful jumbo private reverse mortgage company operating in 17 states. He also developed patented lifetime reverse mortgage products and pioneered the securitization of reverse mortgages as a longevity-valued asset class.
Mazonas emphasized the importance of HUD-certified housing counseling for prospective reverse mortgage borrowers. He highlighted the safeguards in place to protect senior homeowners and prevent deceptive practices in the equity access market. Mazonas expressed concerns about the potential risks associated with removing mandatory counseling requirements and the implications for vulnerable borrowers.
He also addressed the need for restructuring the HECM program to better serve senior homeowners’ needs. Mazonas advocated for stronger property oversight, limits on loan amounts, and a shift towards private programs for higher-value homes. He urged HUD to consider the long-term implications of program changes and prioritize the financial well-being of senior homeowners.
As HUD deliberates on the future of the HECM program, Mazonas and industry experts are closely monitoring developments. The decision, expected in 2026, will have significant implications for the reverse mortgage market and the financial security of senior homeowners.