Reverse

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... Keep Reading....
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages to help seniors recognize the signs of abuse and report instances of financial fraud and... more
Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending
Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending.   “I am very impressed with the Norcom culture that President and CEO Phil DeFronzo has fostered and built over the last 28 years,” said Mendenhall. “Dating back to the beginning while working side by side with his... more
Ginnie Mae and the U.S. Department of Veterans Affairs (VA) have teamed up on a new initiative to focus on problems related to mortgage refinancing for retired military personnel
The U.S. Department of Justice has announced that Austin-based Financial Freedom has agreed to a settlement of more than $89 million to resolve charged that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its... more
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... more