Reverse

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....
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
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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
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American Advisors Group (AAG) has announced the launch its new jumbo reverse mortgage loan program, called the AAG Advantage. With AAG Advantage, qualified borrowers may now obtain a reverse mortgage on properties valued at up to $6 million, versus the FHA loan limit of $625,500 associated with a... more