Reverse

CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer
CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer.   According to the New York-based company, the transaction covered mortgage servicing rights (MSRs) and $879 million of reverse... Keep Reading....
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
The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2018 Board of Directors
The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2018 Board of Directors. Directors were elected unanimously during a NRMLA Business Meeting held in November during the association’s 2017 Annual Meeting in San Francisco.   The 2018 Board re-elected... more
The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper
Homeowners ages 62 and older saw their housing wealth grew to $6.5 trillion in the third quarter, a 1.9 percent increase from the $121 billion level of the second quarter, according to the National Reverse Mortgage Lenders Association (NRMLA).   “Housing wealth continues to be a reliable source of... more