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....
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 opened its third branch in Massachusetts, located in Belchertown, Mass. to be led by Miranda Ronke-Czarniecki
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
Mike Surber, President and Chief Executive Officer of USA Business Lending, has announced the re-structuring of its real estate division, USA Realty International
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