AAG Expands into VA Loans

Nov 15, 2018

Fulton, Md.-based NewDay USA claims that it can approve many of the servicemembers and veterans who are denied on AUS

Reverse mortgage provider American Advisors Group (AAG) is adding Veterans Affairs (VA) loans to its product lineup.

The Orange, Calif.-based AAG said it is the only financial services company with a VA loan focused exclusively on older veterans. Product options will include government insured Home Equity Conversion Mortgages (HECMs), proprietary jumbo reverse mortgage loans and traditional mortgage loans, as well as real estate services for buying or selling a home.

"Adding the VA loan was a natural expansion for AAG. There are millions of older veterans in this country who represent a significantly underserved demographic," said AAG Chief Executive Officer Reza Jahangiri. "By offering veterans more ways to extract their home equity, we are empowering them to chart their own course in retirement, whether that means moving to a more senior-friendly home, getting in-home care, or simply maintaining their independence and quality of life in retirement."

About the author

Phil Hall

Link copied

Published

Nov 15, 2018

Analysis and Data

Homes With Negative Equity Jump In Third Quarter

“I am surprised to have seen some of the increases in home prices," CoreLogic's chief economist says.

With home prices projected to enter a period of deceleration over the course of 2025 and 2026, a new report shows that the share of negative equity rose in the U.S. from the second quarter to the third quarter — the first quarterly rise since the fourth quarter of 2022. W...

People On The Move

Jason Lee New President Of The Loan Store

The former Flagstar Executive to steer The Loan Store through next phase of "aggressive growth"

The Loan Store, a leading wholesale mortgage lender, has tapped industry veteran Jason Lee to be its new president. With a career spanning more than two decades in the mortgage and banking industries, Lee is expected to bring expertise in capital markets, leadership, and ...