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Longbridge Financial LLC, a Mahwah, N.J.-based reverse mortgage lender and servicer, has introduced the Platinum Reverse Mortgage Program for wholesalers and consumers

Longbridge Debuts Platinum Reverse Mortgage Program

Longbridge Financial LLC , a Mahwah, N.J.-based reverse mortgage lender and servicer, has...Read more
According to the U.S. Department of Housing & Urban Development (HUD), Homebridge Financial Services continues to lead the country in renovation mortgages according to HUD’s year-end 203(k) Endorsement Summary

Reverse Mortgage Specialist Dan Altman Joins the Homebridge Team

Homebridge Financial Services has announced that Dan Altman has joined the company as a Mortgage...Read more
U.S. Department of Housing & Urban Development (HUD) Secretary Ben Carson has announced approval of a $1.5 billion disaster recovery plan to help citizens in Puerto Rico

HUD Takes Measures to Rebuild Puerto Rico

U.S. Department of Housing & Urban Development (HUD) Secretary Ben Carson has announced...Read more
Sales activity for home equity conversion mortgages (HECM) fell during the first five months of the year, according to new data from Reverse Mortgage Insight

HECM Originations on the Decline

Sales activity for home equity conversion mortgages (HECM) fell during the first five months of the...Read more
According to the U.S. Department of Housing & Urban Development (HUD), Homebridge Financial Services continues to lead the country in renovation mortgages according to HUD’s year-end 203(k) Endorsement Summary

Reverse Mortgage Specialist John Bast Joins Homebridge

John Bast , a mortgage industry professional with more than 40 years of experience, has joined...Read more
Mutual of Omaha Bank has announced the completion of its purchase of Synergy One Lending Inc., thus enabling the company to expand into the reverse mortgage market.

Mutual of Omaha Bank Completes Synergy One Acquisition

Mutual of Omaha Bank has announced the completion of its purchase of Synergy One Lending Inc., thus...Read more
U.S. Mortgage Corp. has hired Steven J. Sless as its new National Reverse Mortgage Director

U.S. Mortgage Names Reverse Mortgage Director

U.S. Mortgage Corp. has hired Steven J. Sless as its new National Reverse Mortgage Director. In his...Read more
Forty-five percent of homebuyers who purchased a residential property in the past five years wound up paying more than the asking price before having their offer accepted,

Senior Home Equity Hits New Peak

The housing wealth for homeowners ages 62 and older grew to $6.82 trillion during the first quarter...Read 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

NRMLA Takes New Aim at Elder Abuse Awareness

The National Reverse Mortgage Lenders Association (NRLMA) is shining a new spotlight on elder abuse...Read more
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 Exits Reverse Mortgage Space

CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business...Read more

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