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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....
The National Reverse Mortgage Lenders Association (NRMLA) reports that an estimated $147 billion increase in the aggregate value of homes owned by seniors drove their share of home equity to $5.76 trillion and rocketed the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in... more
NewDay USA has named Paul “Tim” Thompson III as its new chief financial officer
NewDay USA has named Paul “Tim” Thompson III as its new chief financial officer. Thompson, a Wall Street veteran, is the former chairman and chief executive officer of The Darby Creek Company, an investment banking consulting firm. Prior to that, he served as managing director and chief executive... more
Urban Financial of America LLC has announced that it has changed its name to Finance of America Reverse LLC
Urban Financial of America LLC has announced that it has changed its name to Finance of America Reverse LLC. The name change reflects adoption of the branding of parent company Finance of America Holdings LLC. As a result of the ownership of Finance of America Reverse and the recent acquisition of... more
On the same day the Secretary of the U.S. Department of Housing & Urban Development (HUD) announced that the Federal Housing Administration's (FHFA) Mutual Mortgage Insurance Fund is in the black for the first time since 2008, the official who oversees daily operations of FHA's federally... more