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....
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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
Kosher Seal/Credit: liorpt
The Mortgage Professor, an online resource run by Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, is now offering homeowners over the age of 62 a new product called the Kosher HECM Reverse Mortgage. No, this is not a reverse mortgage that is... more
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One of the nation’s most influential consumer advocacy organizations used uncommonly strong language to caution seniors about pursuing reverse mortgages. In an article bearing the provocative headline, “Don't Be Suckered Into Buying a Reverse Mortgage,” Consumer Reports claimed that this product “... more
ReverseVision has announced that it has added automated credit reporting capabilities to RV Exchange (RVX), ReverseVision’s flagship reverse loan origination system (RLOS) platform
ReverseVision has announced that it has added automated credit reporting capabilities to RV Exchange (RVX), ReverseVision’s flagship reverse loan origination system (RLOS) platform. Through this integration, reverse mortgage lenders are able to automatically import a borrower’s credit information... more