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Endorsements for Home Equity Conversion Mortgages (HECM) plummeted by 31.4 percent in December to a second consecutive low point, according to new data published by Reverse Mortgage Insight (RMI)
Endorsements for Home Equity Conversion Mortgages (HECM) plummeted by 31.4 percent in December to a second consecutive low point, according to new data published by Reverse Mortgage Insight (RMI).   “This month’s drop looks a lot more like our worst case scenario, which is that it’s something else... Keep Reading....
Homeowners ages 62 and older experienced a 1.4 percent increase in their housing wealth, or $97 billion, during the third quarter
Homeowners ages 62 and older experienced a 1.4 percent increase in their housing wealth, or $97 billion, during the third quarter, totaling $6.97 trillion, according to the National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI).   During the third... more
Finance of America Reverse LLC has unveiled new brand positioning dedicated to helping people get to work on retirement
Finance of America Reverse LLC has unveiled new brand positioning dedicated to helping people get to work on retirement. The new identity will be woven throughout FAR’s Web site, digital presence and sales and advertising materials. Beyond external efforts, FAR has also created a new internal... more
The Board of Directors of the National Reverse Mortgage Lenders Association (NRMLA) has unanimously elected Reza Jahangiri of American Advisors Group (AAG) and Scott Norman of Finance of America Reverse (FAR) to serve as Co-Chairs of the association from
The Board of Directors of the National Reverse Mortgage Lenders Association (NRMLA) has unanimously elected Reza Jahangiri of American Advisors Group (AAG) and Scott Norman of Finance of America Reverse (FAR) to serve as Co-Chairs of the association from now until the 2019 Annual Meeting.  ... more
The Consumer Financial Protection Bureau (CFPB) is asking Congress to grant the agency the authority to supervise for compliance with the Military Lending Act (MLA)
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... more