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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 Elects Jahangiri and Norman as Co-Chairs

The Board of Directors of the National Reverse Mortgage Lenders Association (NRMLA) has unanimously...Read more
Fulton, Md.-based NewDay USA claims that it can approve many of the servicemembers and veterans who are denied on AUS

AAG Expands into VA Loans

Reverse mortgage provider American Advisors Group (AAG) is adding Veterans Affairs (VA) loans to...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

Finance of America Reverse Launches New Reverse Product

Finance of America Reverse LLC has launched HomeSafe Select, a proprietary HELOC reverse mortgage...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

FHA Revises HECM Servicing Requirements

The Federal Housing Administration (FHA) has revised requirements for Home Equity Conversion...Read more
NewDay USA has introduced Operation Home

Former Maryland Governor Joins NewDay USA’s Board of Advisors

NewDay USA has announced that former Maryland Gov. Bob Ehrlich, a longtime supporter of U.S...Read more
Although refinancing activity has soared by 94 percent since hitting an 18-year low in the fourth quarter of 2018, refinance retention rates fell by three percentage points to 26 percent in the third quarter of this year

FHA Changes Appraisal Policy on HECM Properties

The Federal Housing Administration (FHA) will now requiring lenders originating new Home Equity...Read more

Senior Home Equity Up in Q2

Housing wealth for homeowners 62 and older grew to $6.9 trillion during the second quarter,...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

KBRA Offers New Guide to Reverse Mortgages

Kroll Bond Rating Agency (KBRA) has published “Five Things to Know About Reverse Mortgages,” a free...Read more
RiskSpan, an Arlington, Va.-based mortgage data analytics provider, has added home equity conversion mortgage data to the dataset library on its RS Edge Platform

RiskSpan Adds HECM Data to Platform

RiskSpan , an Arlington, Va.-based mortgage data analytics provider, has added home equity...Read more
Peru flag

Reverse Mortgage Laws Introduced in Peru

What’s the latest market for reverse mortgages? Believe it or not, it’s Peru. According a report in...Read more

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