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....
Fred Thompson
Fred Thompson, whose career trajectory included notable stints in Hollywood and Capitol Hill plus a sometimes controversial presence in the mortgage industry, died in Nashville from non-Hodgkin's lymphoma. He was 73.   Thompson initially began his professional life as an attorney and first gained... more
Norcom Mortgage has appointed John Luddy as vice president of reverse lending
Norcom Mortgage has appointed John Luddy as vice president of reverse lending. Luddy joins Norcom Mortgage with 30-plus years of mortgage origination experience. Early in his career, he assisted thousands of Connecticut families in buying their first homes, but has focused the last 10 years serving... more
House Atop Money Pic
The level of home equity among the nation’s seniors reached $4.08 trillion during the second quarter, a new record high, according to data released by the National Reverse Mortgage Lenders Association (NRMLA). According to NRMLA, this activity was driven by an estimated $122.8 billion increase in... more
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ReverseVision has announced it has brought experienced mortgage professional and technology sales strategist Matthew Shaffer on board as business development manager. Shaffer joins ReverseVision from Ariba Inc., where his role included connecting Fortune 500 businesses with technology-enabled... more