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ReverseVision has announced a partnership with Total Expert to deploy an API integration that links the Total Expert MOS with ReverseVision’s RV Exchange (RVX) loan origination platform

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
Today's first-time homebuyer is older and more likely to be single than first-time homebuyers in the 1970s and 1980s, according to a new Zillow analysis

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
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

Ted Zepfel Joins AAG as VP of Operations

American Advisors Group has added Ted Zepfel as Vice President of Operations for Alternative...Read more
The Consumer Financial Protection Bureau (CFPB) is launching a taskforce to streamline and update federal consumer financial laws

CFPB Offers New Warning on Reverse Mortgages

The Consumer Financial Protection Bureau (CFPB) has issued a report warning older consumers the use...Read more
WR Starkey Mortgage LLP has announced it would officially rename the company Certainty Home Loans LLC and launch a complete rebrand

Starkey Mortgage Launches Reverse Mortgage Division

Starkey Mortgage has announced the launch of its Reverse Mortgage Division, to be led by Ken Witte...Read more
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)

CFPB Considers Altering HELOC Reporting

The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the...Read more

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