Reverse

Homeowner-related expenses including mortgages and home equity loans are the largest source of debt for older Americans, according to a new survey released by SeniorHomes.com
Homeowner-related expenses including mortgages and home equity loans are the largest source of debt for older Americans, according to a new survey released by SeniorHomes.com.   More than half of Americans who are 55 or over are in debt, with 40 percent owing $50,000 or more to creditors. Fifty-two... Keep Reading....
Housing wealth for homeowners ages 62 and older grew to $6.6 trillion in fourth quarter of 2017, an increase of $149 billion from the third quarter, according to data from the National Reverse Mortgage Lenders Association (NRMLA)
Housing wealth for homeowners ages 62 and older grew to $6.6 trillion in fourth quarter of 2017, an increase of $149 billion from the third quarter, according to data from the National Reverse Mortgage Lenders Association (NRMLA).   The association’s Reverse Mortgage Market Index (RMMI) rose to 238... more
The Department of Housing and Urban Development’s (HUD) Community Development Block Grant–Disaster Recovery Program has awarded nearly $28 billion
The Federal Housing Administration (FHA) has extended foreclosure timelines on Home Equity Conversion Mortgages (HECM) in the Hurricane Maria-damaged areas of Puerto Rico and the U.S. Virgin Islands to May 18.   The extension only applies to impacted properties in the Presidentially-Declared Major... more
Jeffrey S. Taylor
Jeffrey S. Taylor, founding chairman of the National Reverse Mortgage Lenders Association (NRMLA), passed away on Feb. 13 at his home in Greensboro, N.C. He was 75 years old.   During the course of his 35-year career in the mortgage profession, Taylor was vice president of the senior products... more
ReverseVision has announced the availability of DataVerify’s DRIVE verification platform within ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS)
ReverseVision has announced that it has added new Chief Technology Officer (CTO) Jim Magner and Vice President of Operations Stacey Lund to its senior management team.   Magner brings more than 20 years of technology leadership experience across such diverse verticals as banking, enterprise... more