January 28th, 2009 | by John | published in Leads, News, Reverse Mortgage
LendingTree recently announced that it launched a reverse mortgage service for senior homeowners looking to talk with lenders. The Charlotte, NC based company started providing brokers leads in 1998 through its lead exchange and grew into one of the largest lead providers in the country. As its business contracted, it shouldn’t be any huge surprise [...]
January 28th, 2009 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Have you stopped by to check out our job board? Companies like 1st Reverse,Generation Mortgage, and Omni are hiring nationwide and here are a few other companies looking to expand: Reverse Mortgage Loan Originator (Florida) Senior Finance Network Reverse Mortgage Loan Originator (Nationwide) Senior American Funding Reverse Mortgage Specialist (Orlando) Reverse Professionals of America
January 27th, 2009 | by Featured | published in Financial Freedom, News, Reverse Mortgage
“Clearly the opportunity exists for those with a more enlightened vision who can execute well,” says Bart Johnson, reverse mortgage veteran, on this promising sector of the housing finance business. Johnson, who is past president of Financial Freedom and now is in the process of funding and launching a company called Life Stages Financial, predicts [...]
January 27th, 2009 | by John | published in News, Rates, Reverse Mortgage
The average 10-year Treasury rate rose by 26 bp last week, and today it’s up 8 bp above last week’s average. We’re still in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates. Higher rates and margins mean more money since higher [...]
January 27th, 2009 | by John | published in Marketing, News, Reverse Mortgage, Training
Just a quick reminder that Sam Collins will be providing RMD readers with a free training session on February 4 at 2:00 pm (EST). Sam will go over ways to evaluate your reverse mortgage business and get you to think about how you can improve in 2009. Attendees will also receive: A checklist and evaluation [...]
January 26th, 2009 | by John | published in JB Nutter, News, Reverse Mortgage
JB Nutter announced today that it would be extending its moratorium on new files until March 2009. The Kansas City, MO based lender originally sent out an email announcing the moratorium to correspondents on January 9th, citing a funding bottleneck that was supposed to be cleared up by the end of last week. According to [...]
