The Wall Street Journal reports that fed up with purported financial advisers preying on unwitting older people, some states are passing or amending securities and criminal laws to impose “enhanced penalties” on people who commit financial crimes against seniors. In Laws Take On Financial Scams Against Seniors, Jennifer Levitz writes that investigators from the Arkansas [...]

Last week we wrote about how 72 year old Lorraine Zickefoose’s home was scheduled to go up for auction because she fell behind on her payments with Wells Fargo Home Loans.  The woman had applied for a reverse mortgage with John Smaldone’s AAXA Mortgage and was approved, however due to falling property values the she [...]

Fannie Mae recently announced that Karen Pallotta will become the head of the company’s single family mortgage business starting June 1, 2009.  She is replacing Thomas Lund, who is retiring from the company as of June 30, 2009. Pallotta joined Fannie Mae in 1990 and has served in a variety of leadership roles which include [...]

Despite rumors that Wells Fargo and GMAC’s ResCap are getting back into warehouse lending, independent reverse mortgage bankers’ resources are being pushed to the limit and loans are taking longer to close than usual due to a lack of funding from a shrinking number of warehouse lenders, RMD’s sources say. Recent estimates from The Warehouse [...]

More lenders are turning to social marketing on the web to promote their reverse mortgage business using tools like Facebook and Twitter.  Even the National Reverse Mortgage Lenders Association started hosting marketing panels on social media tools during its road show and as someone who participated, it’s clear that people in our industry are interested… [...]

Below are just a few of the new jobs recently posted to Reverse Mortgage Jobs Online. Reverse Mortgage Originator (Salt Lake City) Sun Valley Financial of Utah Inc Reverse Mortgage Specialist (Coral Springs) Senior Finance Network Reverse Mortgage Loan Originator (Nashville) New Castle Mortgage  Reverse Mortgage Careers (Multiple) Equitable Reverse Mortgage Company  Reverse Mortgage Specialist [...]