Reverse

American Advisors Group (AAG) has announced its designation as an approved reverse mortgage lender for United Real Estate. As an approved lender, AAG will educate United agents on reverse mortgage loans to present senior clientele an additional financing solution for home purchase.   “We’re proud... Keep Reading....
Mortgage originations are expected to top $2 trillion this year, according to the latest Monthly Outlook Report issued by Freddie Mac
The National Reverse Mortgage Lenders Association (NRMLA) has reported that homeowners aged 62 and older saw an overall 2.6 percent increase of $152 billion in senior home equity in the third quarter of the year, bringing the total to $6.1 trillion. The gains, largely driven by a 2.3 percent... more
The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2017 board of directors. The association’s directors were elected unanimously en bloc during a NRMLA business meeting held in November during the 2016 Annu
The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2017 board of directors. The association’s directors were elected unanimously en bloc during a NRMLA business meeting held in November during the 2016 Annual Meeting in Chicago. The 2017 Board... more
American Advisors Group (AAG) has named industry sales veteran Jesse Allen as the company’s senior vice president of National Field Sales
American Advisors Group (AAG) has named industry sales veteran Jesse Allen as the company’s senior vice president of National Field Sales. Allen was responsible for running Bank of America’s reverse mortgage line of business, one of the largest reverse mortgage platforms in the history of the... more
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program
Housing wealth continues to grow for U.S. homeowners ages 62 and older, providing seniors with added financial security in their retirement years, according to the National Reverse Mortgage Lenders Association (NRMLA), who reported that the aggregate value of senior home equity reached $5.9... more