The Pittsburgh Post Gazette wrote earlier this week that Ginnie Mae President, Joesph Murin is urging homeowners to take advantage of mortgage rates near 60-year lows by refinancing.  He feels that reports of rampant foreclosure problems in Michigan, Ohio, Florida and other troubled housing markets have given people a dimmer view of the economy than [...]

Over the weekend, Redding News published an article about a couple who used the HECM for purchase program to downsize  and move to a warmer climate.  John and Susanne Ferry, both 62, have been trying to sell their home for three years but haven’t had any luck, even after reducing their listing from $700,000 to [...]

One of the things RMD readers asked for more of in our last survey, was an increase in updates regarding reverse mortgage legislation, so I’m doing my best to stay up to date.  In Minnesota, Beth Paterson from Reverse Mortgages SIDAC has been playing an important role and was nice enough to send me an [...]

Senior Financial Corp. announced that Dan Perez has joined the company as its National Sales Director.  Perez will lead a team of reverse mortgage senior loan consultants, utilizing his extensive training and marketing background to facilitate the continued expansion of SFC into a national provider of reverse mortgages.  “We are very pleased Dan Perez has [...]

Just a quick reminder that Monte Rose is presenting another free reverse mortgage training session where he will show you How to Build a Prospecting Process that creates a Productivity Baseline on Wed May 6 at 12pm (EST). Do you currently receive 2, 3, or 4 transactions each month your referral stable? Would you like [...]

RM Insight published a new report showing that JB Nutter has over taken Financial Freedom as the largest wholesale reverse mortgage lender.  The data shows that over the last year, Nutter saw its wholesale business grow 76.8% compared to Financial Freedom seeing it’s volume drop 41.3%. Below is a list of the top 10 wholesalers [...]