Reverse

The Urban Institute’s Housing Finance Policy Center is proposing that the Federal Housing Administration (FHA) separate its reverse and forward mortgages in order the better mitigate risks to its programs
The Urban Institute’s Housing Finance Policy Center is proposing that the Federal Housing Administration (FHA) separate its reverse and forward mortgages in order the better mitigate risks to its programs.   In a blog posting, Housing Finance Policy Center co-director Laurie Goodman and non-... Keep Reading....
Orange, Calif.-based All Reverse Mortgage has introduced ARLO, a loan optimizer tool for the reverse mortgage market
Orange, Calif.-based All Reverse Mortgage has introduced ARLO, a loan optimizer tool for the reverse mortgage market.   According to the company, this Web-based consumer pricing engine allows a prospective borrower to receive quotes on a different reverse mortgage plans, including interest rates... more
ReverseVision has forged a partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings
ReverseVision has forged a partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings. A new integration between the companies’ software allows users of ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS) to order... more
The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) has charged Irvine, Calif.-based HighTechLending with using misleading and false advertising to target seniors age 62 and older with reverse mortgage offers. The DFI is seeking a final order requiring... more
Inland Mortgage Capital LLC has appointed Marcus Perry Senior Vice President of Loan Origination for the Eastern Region
CIT Group Inc. is exiting the reverse mortgage market by selling its Financial Freedom unit and reverse mortgage portfolio to an undisclosed buyer.   Financial Freedom became part of CIT Group when the latter acquired OneWest Bank in August 2015. The deal covers Financial Freedom’s mortgage... more