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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

Liberty Home Equity Solutions: Moving Into the Future

In 2017, media outlets reported that Ocwen Financial Corporation was evaluating the potential sale...Read more
Homeowner-related expenses including mortgages and home equity loans are the largest source of debt for older Americans, according to a new survey released by SeniorHomes.com

Most Senior Debt Tied to Housing Expenses

Homeowner-related expenses including mortgages and home equity loans are the largest source of debt...Read more
There was mixed news in the latest housing data, as new levels were being set in today’s housing market

Housing Wealth for Seniors Reached $6.6 Trillion in Q417

Housing wealth for homeowners ages 62 and older grew to $6.6 trillion in fourth quarter of 2017, an...Read more
The Department of Housing and Urban Development’s (HUD) Community Development Block Grant–Disaster Recovery Program has awarded nearly $28 billion

HECM Foreclosure Timelines Extended in Puerto Rico and USVI

The Federal Housing Administration (FHA) has extended foreclosure timelines on Home Equity...Read more
Jeffrey S. Taylor

Jeffrey S. Taylor, Reverse Mortgage Veteran, Dies at 75

Jeffrey S. Taylor, founding chairman of the National Reverse Mortgage Lenders Association (NRMLA),...Read more

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