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The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper

Seniors' Housing Wealth Up in Q3

Homeowners ages 62 and older saw their housing wealth grew to $6.5 trillion in the third quarter, a...Read more
The reverse mortgage lender American Advisors Group (AAG) is moving its sales and marketing teams to a newly-leased 64,405-square-foot space at Irvine Towers in the Business District of Irvine, Calif.

AAG Moves Sales and Marketing Team to New Office

The reverse mortgage lender American Advisors Group (AAG) is moving its sales and marketing teams...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)

Should the FHA Separate Forward and Reverse Mortgages?

The Urban Institute’s Housing Finance Policy Center is proposing that the Federal Housing...Read more
Orange, Calif.-based All Reverse Mortgage has introduced ARLO, a loan optimizer tool for the reverse mortgage market

All Reverse Mortgage Debuts Loan Optimizer Tool

Orange, Calif.-based All Reverse Mortgage has introduced ARLO, a loan optimizer tool for the...Read more
ReverseVision, a San Diego-based provider of technology and training for the Home Equity Conversion Mortgage (HECM) market, is making a new push to help lenders launch proprietary reverse mortgage products

ReverseVision Partners With PRC on Title Ordering for HECMs

ReverseVision has forged a partnership with Premier Reverse Closings (PRC) , a title and settlement...Read more

Washington State Charges Lender with Deceptive HECM Marketing

The Consumer Services Division of the Washington State Department of Financial Institutions (DFI)...Read more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007

CIT Group to Quit Reverse Mortgage Space

CIT Group Inc. is exiting the reverse mortgage market by selling its Financial Freedom unit and...Read more
Millennials have a very distinctive approach to handling their credit, according to a new study released by TD Bank's Consumer Spending Index

Seniors Experience Increased Home Equity in Q2

Homeowners who are 62-years-old and higher saw their home equity increase by a combined 2.4 percent...Read more
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act

Judge Triples Penalty Against Allied

A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home...Read more
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program

HUD Updates MIP for HECM Program

The Department of Housing and Urban Development (HUD) has announced changed to its Home Equity...Read more

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