Reverse Fortunes Weekly Podcast: Episode #51 New Podcast on Reverse Fortunes Weekly.  Keep up to date on industry news and trends along with training and interviews in this exciting weekly podcast. To listen login or become a free member to listen to past & current episodes. Top Stories: Certification grows down-under Going broke: Social Security? [...]

The Start Telegram published an article about how one senior is using a reverse mortgage to save his home after being laid off from his job as a salesman in the check printing industry for 34 years.  "The last thing I wanted to do was lose my home," he said. "And I didn’t want to [...]

The Teachers Federal Credit Union (TFCU) announced that it has partnered with Members Trust Co. to offer reverse mortgages to its customers.  The Farmingville, N.Y.-based credit union has over 200,000 members and will offer FHA’s Home Equity Conversion Mortgage and a proprietary reverse mortgage developed by the Tampa, Fla.-based trust company. TFCU’s new program will [...]

Just weeks after becoming the sixth largest reverse mortgage lender in America, Generation Mortgage plans to hire high-producing reverse mortgage professionals from across the country said a company statement.  “Despite the economic downturn, Generation Mortgage has experienced dramatic growth during the first quarter of 2009. We’re seeking successful, experienced producers with proven results to add [...]

New companies looking for reverse mortgage originators: Reverse Mortgage Loan Originator (Nashville) New Castle Mortgage Reverse Mortgage Originator (Eatontown) Eagle Nationwide Mortgage Reverse Mortgage Originator (Salt Lake City) Sun Valley Financial of Utah Inc Reverse Mortgage Sales (Philadelphia) Guardian First Funding Reverse Mortgage Specialist (Georgia) AAXA Mortgage It only costs you $1 a day to reach the [...]

The Government National Mortgage Association (Ginnie Mae) announced earlier this week that it issued $34.5 billion in total mortgage-backed securities (MBS) in April. For the first four months of calendar year 2009, Ginnie Mae provided $124.18 billion of liquidity to the secondary market, compared to $58 billion for the first four months of 2008. "We [...]