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....
As part of its continuing effort to help families find decent housing and to prevent future foreclosures, the U.S. Department of Housing & Urban Development (HUD) has announced more than $42 million in housing counseling grants to 468 national, regional and local organizations. As a result of... more
A new study from the MetLife Mature Market Institute shows the age of those seeking a Home Equity Conversion Mortgages (HECM) has plummeted in the four years since the collapse of the housing market in the U.S. The study also finds that reverse mortgages have evolved into a way for many older Baby... more
One Reverse Mortgage LLC (ORM) has announced it has expanded and nearly doubled its headquarters to accommodate the company's continued growth. ORM will occupy one floor and 14,000-plus sq. ft. in its new office, located at 9920 Pacific Heights Boulevard, Suite 350 in San Diego, Calif. One Reverse... more
The National Reverse Mortgage Lenders Association (NRMLA) has announced plans for its 2012 NRMLA Eastern Regional Meeting focused on the continued evolution of reverse mortgages, as well as a Reverse Mortgage Securitization Forum examining the emergence of HMBS and the secondary market. These two-... more