FOA's good' reverse originator ranking reaffirmed by Morningstar DBRS
Morningstar reaffirmed Finance of America's MOR RVO2 rating, highlighting their growth and strategic focus on reverse mortgage products.
Property preservation firm MCS sees reverse channel as a growth opportunity
MCS aims to leverage its established services as it transitions into the reverse mortgage industry, recognizing both similarities and differences.
Mutual of Omaha's reverse division launches broker protection program
Mutual of Omaha Mortgage's Broker Protect program offers brokers unprecedented protections, enhancing trust and collaboration within the reverse mortgage industry.
MISMO working group targets January for new reverse mortgage standards
MISMO is set to release new reverse mortgage standards by January 2025 to promote wider integration and adoption in the lending industry.
CMG's reverse division adds Kari Van Kleef as ops manager
Kari Van Kleef has been appointed as reverse mortgage operations manager at CMG Home Loans, highlighting the company's growth in the reverse mortgage sector.
Rate's reverse mortgage leader talks growth through forward posture
Rate's reverse mortgage division, under Ryan Ogata's leadership, has experienced substantial growth, increasing endorsement volume by approximately 870% year-to-date.
FOA's good' reverse originator ranking reaffirmed by Morningstar DBRS
Morningstar reaffirmed Finance of America's MOR RVO2 rating, highlighting their growth and strategic focus on reverse mortgage products.
Property preservation firm MCS sees reverse channel as a growth opportunity
MCS aims to leverage its established services as it transitions into the reverse mortgage industry, recognizing both similarities and differences.
Mutual of Omaha's reverse division launches broker protection program
Mutual of Omaha Mortgage's Broker Protect program offers brokers unprecedented protections, enhancing trust and collaboration within the reverse mortgage industry.
MISMO working group targets January for new reverse mortgage standards
MISMO is set to release new reverse mortgage standards by January 2025 to promote wider integration and adoption in the lending industry.
CMG's reverse division adds Kari Van Kleef as ops manager
Kari Van Kleef has been appointed as reverse mortgage operations manager at CMG Home Loans, highlighting the company's growth in the reverse mortgage sector.
Rate's reverse mortgage leader talks growth through forward posture
Rate's reverse mortgage division, under Ryan Ogata's leadership, has experienced substantial growth, increasing endorsement volume by approximately 870% year-to-date.
FOA claims 98% participation in bond exchange offer
FOA's bond exchange offer received nearly 98% participation, enhancing financial flexibility and restructuring debt obligations.
Finance of America details reverse mortgage marketing moves, new Selleck spots
Finance of America aims to attract senior borrowers through new marketing strategies and product enhancements, leveraging a celebrity spokesperson for appeal.
FOA claims 98% participation in bond exchange offer
FOA's bond exchange offer received nearly 98% participation, enhancing financial flexibility and restructuring debt obligations.
Finance of America details reverse mortgage marketing moves, new Selleck spots
Finance of America aims to attract senior borrowers through new marketing strategies and product enhancements, leveraging a celebrity spokesperson for appeal.
Reverse educators take on more HECM misconceptions
Reverse mortgage misconceptions can lead to confusion; the line of credit growth is not classified as income but as loan proceeds.
Interactive education helps clarify and dispel myths in reverse mortgage presentations.
Federal housing leaders speak to the need for more reverse mortgage understanding
The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.
Reverse mortgage industry prepares for annual meeting in San Diego
The NRMLA 2024 Annual Meeting and Expo will focus on key topics like HECM for Purchase and feature updates from federal housing officials.
Reverse educators take on more HECM misconceptions
Reverse mortgage misconceptions can lead to confusion; the line of credit growth is not classified as income but as loan proceeds.
Interactive education helps clarify and dispel myths in reverse mortgage presentations.
Federal housing leaders speak to the need for more reverse mortgage understanding
The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.
Reverse mortgage industry prepares for annual meeting in San Diego
The NRMLA 2024 Annual Meeting and Expo will focus on key topics like HECM for Purchase and feature updates from federal housing officials.
Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute
Ginnie Mae's actions regarding reverse mortgage liens were upheld by the court, denying Texas Capital Bank's summary judgment request.
Reverse industry rep reappointed to role on HUD housing counseling committee
Carol Dujanovich reappointed to HUD's Housing Counseling Federal Advisory Committee, focusing on improving housing support for seniors in reverse mortgage programs.
FHA commissioner, HUD counseling head on serving seniors with reverse mortgages
Rising interest rates challenge the affordable housing crisis, affecting all lending sectors, including reverse mortgages.
HUD counseling head says partnership with reverse mortgage industry ensures seniors' safety
HUD emphasizes public-private partnership to support housing for older Americans.
Modernization efforts aim to enhance accessibility of counseling services for seniors.
CMG reverse VP talks HECM for Purchase and division growth plans
CMG Home Loans aims to enhance its reverse mortgage offerings, particularly through the HECM for Purchase market, leveraging referral relationships with real estate agents.
Guild's Jim Cory on company confidence in reverse mortgages
Guild Mortgage has launched Flex Payment Mortgage products, emphasizing growth in the reverse mortgage sector post Cherry Creek acquisition.
Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute
Ginnie Mae's actions regarding reverse mortgage liens were upheld by the court, denying Texas Capital Bank's summary judgment request.
Reverse industry rep reappointed to role on HUD housing counseling committee
Carol Dujanovich reappointed to HUD's Housing Counseling Federal Advisory Committee, focusing on improving housing support for seniors in reverse mortgage programs.
FHA commissioner, HUD counseling head on serving seniors with reverse mortgages
Rising interest rates challenge the affordable housing crisis, affecting all lending sectors, including reverse mortgages.
HUD counseling head says partnership with reverse mortgage industry ensures seniors' safety
HUD emphasizes public-private partnership to support housing for older Americans.
Modernization efforts aim to enhance accessibility of counseling services for seniors.
CMG reverse VP talks HECM for Purchase and division growth plans
CMG Home Loans aims to enhance its reverse mortgage offerings, particularly through the HECM for Purchase market, leveraging referral relationships with real estate agents.
Guild's Jim Cory on company confidence in reverse mortgages
Guild Mortgage has launched Flex Payment Mortgage products, emphasizing growth in the reverse mortgage sector post Cherry Creek acquisition.
Onity Group's acquisition of Mortgage Asset Management is poised to enhance its financial position and strategic capabilities in the reverse mortgage sector.
Leading Australian reverse mortgage lender undergoes rebrand
Heartland Bank rebrands its reverse mortgage division to better serve older Australians in response to a growing demand for reverse mortgages.
Guild announces new Flex Payment Mortgage' suite of reverse products
Guild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.
Origins: Moving from hospital administration to reverse mortgages
David Heilman transitioned from health care to reverse mortgages, focusing on financial health for seniors.
Onity Group strikes deal for $55M in MAM assets
Onity Group's acquisition of Mortgage Asset Management is poised to enhance its financial position and strategic capabilities in the reverse mortgage sector.
Leading Australian reverse mortgage lender undergoes rebrand
Heartland Bank rebrands its reverse mortgage division to better serve older Australians in response to a growing demand for reverse mortgages.
Guild announces new Flex Payment Mortgage' suite of reverse products
Guild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.
Origins: Moving from hospital administration to reverse mortgages
David Heilman transitioned from health care to reverse mortgages, focusing on financial health for seniors.
Mayor who recommended reverse mortgages calls comments regrettable'
Mayor Misha Pride suggested reverse mortgages for seniors facing rising property taxes but later regretted his comment, seeking broader tax relief solutions.
High property taxes in Maine? Mayor says to consider a reverse mortgage'
The mayor acknowledges rising property taxes are a challenge for those on fixed incomes, suggesting a reverse mortgage as a last resort option.
Mayor who recommended reverse mortgages calls comments regrettable'
Mayor Misha Pride suggested reverse mortgages for seniors facing rising property taxes but later regretted his comment, seeking broader tax relief solutions.
High property taxes in Maine? Mayor says to consider a reverse mortgage'
The mayor acknowledges rising property taxes are a challenge for those on fixed incomes, suggesting a reverse mortgage as a last resort option.
FHA's Julia Gordon reflects on housing successes, challenges at reverse mortgage conference
FHA Commissioner Julia Gordon highlighted the release of the updated HUD Handbook as a major achievement in enhancing the HECM program's consistency and quality.
DOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegations
DOJ secures $2.4 million settlement from Nutter Home Loans for underwriting ineligible reverse mortgages, aiming to protect FHA insurance integrity.
FHA's Julia Gordon reflects on housing successes, challenges at reverse mortgage conference
FHA Commissioner Julia Gordon highlighted the release of the updated HUD Handbook as a major achievement in enhancing the HECM program's consistency and quality.
DOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegations
DOJ secures $2.4 million settlement from Nutter Home Loans for underwriting ineligible reverse mortgages, aiming to protect FHA insurance integrity.
Montana's reverse mortgage program could have room for industry collaboration
Montana's Reverse Annuity Mortgage (RAM) program effectively supports seniors with lower costs compared to traditional reverse mortgages, aiding financial stability.
What are the presidential candidates' records on reverse mortgages?
Kamala Harris accepts the Democratic nomination amid significant campaign focus, with reverse mortgage policies intersecting subtly with broader housing issues.
Montana's reverse mortgage program could have room for industry collaboration
Montana's Reverse Annuity Mortgage (RAM) program effectively supports seniors with lower costs compared to traditional reverse mortgages, aiding financial stability.
What are the presidential candidates' records on reverse mortgages?
Kamala Harris accepts the Democratic nomination amid significant campaign focus, with reverse mortgage policies intersecting subtly with broader housing issues.
HighTechLending to rebrand wholesale channel as American Senior Lending
HighTechLending rebrands its wholesale lending division to American Senior Lending Wholesale Division to focus primarily on reverse mortgages for senior borrowers.
Wall St. Pro Breaks Down Reverse Mortgages In Masterclass
Reverse mortgages allow homeowners to access home equity without mortgage payments but come with fees and interest.
Consider a home equity loan as an alternative to reverse mortgages, especially with rising interest rates.
In Q1 earnings, Longbridge parent expects reverse mortgage market to improve
Ellington Financial's reverse mortgage segment had lower earnings in Q1 but expects positive contributions soon, completing its first securitization of proprietary reverse mortgages.
South River president on reverse mortgage business, data science and priorities
Expanding sales floor and remote loan officers driving growth in reverse mortgages market.
Data science and statistical modeling crucial for improving results and targeting qualified consumers.