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....
A 95-year-old woman is suing a pair of reverse mortgage companies for levying excessive fees on her after her home fell into foreclosure
A 95-year-old woman is suing a pair of reverse mortgage companies for levying excessive fees on her after her home fell into foreclosure. According to a report from The Eye, Retha Floyd of Washington, D.C., faced foreclosure in 2012 after falling behind on less than $2,000 in property taxes and... more
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
The Freddie Mac Primary Mortgage Market Survey (PMMS) has found average mortgage rates in a downward motion for the week ending March 2
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