Reverse

Mortgage originations are expected to top $2 trillion this year, according to the latest Monthly Outlook Report issued by Freddie Mac
The National Reverse Mortgage Lenders Association (NRMLA) has reported that homeowners aged 62 and older saw an overall 2.6 percent increase of $152 billion in senior home equity in the third quarter of the year, bringing the total to $6.1 trillion. The gains, largely driven by a 2.3 percent... Keep Reading....
New Jersey’s Bergen County is providing $20,000 to its Division of Senior Services for legal referrals to assist low-income seniors who have defaulted on their reverse mortgages
New Jersey’s Bergen County is providing $20,000 to its Division of Senior Services for legal referrals to assist low-income seniors who have defaulted on their reverse mortgages. According to an NJ.com report, this new funding will be used by the division's Home Equity Conversion Mortgage (HECM)... more
HomeBridge Financial Services has announced that Len Ricci, a reverse mortgage loan originator in its Hackensack, N.J. branch, has closed more than 1,000 reverse mortgages during the course of his career
HomeBridge Financial Services has announced that Len Ricci, a reverse mortgage loan originator in its Hackensack, N.J. branch, has closed more than 1,000 reverse mortgages during the course of his career, a significant achievement when taken into account the myriad of negative public misconceptions... more
It often seems that you cannot go a week without a Top 10 list relating to housing markets. And as luck would have it, this week kicks off with two new Top 10 lists
The nation’s seniors are holding $5.83 trillion in home equity, according to new data from the National Reverse Mortgage Lenders Association (NRMLA). The latest NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) hit a new record high during the fourth quarter of 2015 thanks to a $140.2 billion... more
Home Point Financial Corporation has announced that Steven J. Sless has joined the company as branch manager of the Towson, Md. branch to focus on the continued expansion of their reverse mortgage channel. Steven will manage the day-to-day operations, hold local events and connect with potential... more