Learning scripting through the breakdown process – NMP Skip to main content

Learning scripting through the breakdown process

Mar 10, 2009

Beacon Reverse to become American Home Bank ReverseMortgagePress.comBeacon Reverse, reverse mortgage, American Home Bank Reverse, Russell Rothstein Beacon Reverse, a provider of reverse mortgage lending services to community banks, credit unions, non-profit lenders and consumers, has announced it will become known as American Home Bank Reverse. Beacon Reverse became a division of American Home Bank in 2006, and originates and/or provides fulfillment for all of the Bank's reverse mortgage production. It also originates reverse mortgages through a network of third-party lenders that value having the support of an experienced partner when it comes to these specialized programs. According to Russell Rothstein, managing director of American Home Bank Reverse, the name change reflects American Home Bank's increasing prominence, and commitment to reverse mortgage lending. "{Changing our name to reflect our affiliation is a logical move, and emphasizes our community bank orientation," commented Rothstein. James Deitch, American Home Bank's CEO, said the divisions focus on supporting community banks, credit unions and non-profit lenders places them at the forefront of what is an emerging trend in reverse mortgage lending. "When it comes to reverse mortgages, senior homeowners and their families appreciate working with communitybased institutions with whom they already have a relationship," Deitch said. "American Home Bank Reverse is pleased to offer a superior, efficient and compliant solution to this growing need for reverse mortgages," added Deitch. For more information, visit www.ahbreverse.com.
About the author
Published
Mar 10, 2009
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026