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....
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
ReverseVision has announced that Texas-based mortgage lender Open Mortgage has launched its reverse mortgage wholesale operation on the RV Exchange (RVX) loan origination software (LOS)
ReverseVision has announced that Texas-based mortgage lender Open Mortgage has launched its reverse mortgage wholesale operation on the RV Exchange (RVX) loan origination software (LOS). Open Mortgage has been a home-equity conversion mortgage (HECM) retail lender since 2010, originating its... more
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program.  The proposed rule includes changes and consumer protections designed to help ensure senior borrowers are sustained in their homes. These new changes... more