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....
In what has become one of the most predictable trends in housing data, California dominates the latest hottest markets list compiled by Realtor.com
Once again, California dominates Realtor.com’s monthly hottest housing markets list—but after months in the number one position, San Francisco has been displaced as the hottest market by Valencia, Calif. The May list of hottest housing markets found California metro areas occupying 10 of the top 20... more
American Advisors Group (AAG) has released its jumbo reverse mortgage loan, the AAG Advantage
American Advisors Group (AAG) has released its jumbo reverse mortgage loan, the AAG Advantage, to its wholesale partner network in California. With AAG Advantage, California brokers and loan officers may originate reverse mortgages through AAG on properties valued at up to $6 million, versus the... more
Open Mortgage has added reverse mortgage professional Sue Haviland, CRMP to its team
Open Mortgage has added reverse mortgage professional Sue Haviland, CRMP to its team. "Sue is joining a dedicated staff of reverse-focused sales support team members," said Open Mortgage Director of Sales Operations Sharon Falvey. "They keep our loan officers current on the latest trends, industry... more
In a data analysis that will certain create agita among reverse mortgage providers, U.S. seniors are overwhelmingly apathetic and confused about the value of reverse mortgages. This rejection of reverse mortgages is based on a survey conducted by the American College of Financial Services that... more