Reverse

Retirement-aged homeowners saw a combined 2.8 percent increase of $170.7 billion in home equity during the fourth quarter of 2016
Retirement-aged homeowners saw a combined 2.8 percent increase of $170.7 billion in home equity during the fourth quarter of 2016, which increased their total housing wealth to $6.2 trillion, according to new data from the National Reverse Mortgage Lenders Association (NRMLA).   During the fourth... Keep Reading....
Most older homeowners are reluctant to tap into their home equity as a means of strengthening their financial retirement
Most older homeowners are reluctant to tap into their home equity as a means of strengthening their financial retirement, according to new research released the National Council on Aging (NCOA) through its subsidiary NCOA Services LLC.   Culling data from focus groups involving 112 consumers aged... more
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... more
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