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American Advisors Group (AAG) has launched AAG & You, Better Together program, a new endeavor designed to increase the Orange, Calif.-based reverse mortgage provider’s investment in its wholesale partner relationships

AAG Debuts New Wholesale Partner Program

American Advisors Group (AAG) has launched AAG & You, Better Together program, a new endeavor...Read more
Ginnie Mae has announced that issuance of its mortgage-backed securities (MBS) totaled $60.046 billion in October

Ginnie Mae Launches Platinum Product for HECM Securities

Ginnie Mae has announced that investors in Ginnie Mae mortgage securities backed by Home Equity...Read more
Primary Residential Mortgage Inc. (PRMI) has announced the retirement of two of its co-founders and long-time executives, Chief Executive Officer Dave Zitting and Chief Financial Officer Steve Chapman

Steven Sless Joins PRMI as Reverse Division Manager

Primary Residential Mortgage Inc. (PRMI) has named Steven Sless Reverse Division Manager in...Read more
Finance of America Reverse LLC (FAR), a San Diego-headquartered reverse mortgage lender and provider of retirement solutions, has lowered the eligibility age for borrowers on its HomeSafe Standard, HomeSafe Flex and HomeSafe Second products from 62 to 60

Dan Hulquist Named VP at Finance of America Reverse

Finance of America Reverse LLC (FAR) has hired Dan Hultquist as Vice President of Organizational...Read more
Reverse Mortgage Funding LLC (RMF) has announced that their proprietary product Equity Elite is now available in ReverseVision’s flagship loan origination system, ReverseVision Exchange (RVX)

Reverse Mortgage Funding’s New Proprietary Product Now Accessible Through ReverseVision

Reverse Mortgage Funding LLC (RMF) has announced that their proprietary product Equity Elite is now...Read more
A surge in refinancing helped drive up mortgage applications activity for the week ending Oct. 4, according to data from the Mortgage Bankers Association

Reverse Mortgage Performance Takes Dramatic Upturn

The home equity conversion mortgage (HECM) market saw a spike in activity last month, according to...Read more
Homeowners 62 and older experienced a 1.4 percent growth in their housing wealth, or $98 billion, from the third quarter of 2018 to the fourth quarter, resulting in a record high of $7.05 trillion

Senior Housing Wealth Tops $7T for First Time

Homeowners 62 and older experienced a 1.4 percent growth in their housing wealth, or $98 billion,...Read more
The District of Columbia Housing Finance Agency (DCHFA) has debuted its $500,000 Reverse Mortgage Insurance & Tax Payment Program (ReMIT)

New DCHFA Program Targets Reverse Mortgage Tax and Insurance Costs

The District of Columbia Housing Finance Agency (DCHFA) has debuted its $500,000 Reverse Mortgage...Read more
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)

HECM Endorsements Down 31.4 Percent

Endorsements for Home Equity Conversion Mortgages (HECM) plummeted by 31.4 percent in December to a...Read more
Millennial homeowners with access to home equity lines of credit (HELOCs) have plans for their money that stray from the traditional home improvement projects, according to a new survey released by Citizens Bank

Senior Housing Wealth Records a Q3 Spike

Homeowners ages 62 and older experienced a 1.4 percent increase in their housing wealth, or $97...Read more

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