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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
Finance of America Reverse LLC (FAR) has appointed Jessica Hanson as an account executive in the Wholesale Lending Department

Finance of America Reverse Unveils New Brand

Finance of America Reverse LLC has unveiled new brand positioning dedicated to helping people get...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 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) has appointed Jessica Hanson as an account executive in the Wholesale Lending Department

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

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