The Office of the Comptroller of the Currency (OCC) issued a consumer advisory alert last week, to help consumers better understand reverse mortgages.  The information developed for consumers discusses basic facts about reverse mortgages, which are complex, home secured loans said the statement.  The advisory, Reverse Mortgages: Are They for You also reviews the costs [...]

Northern California based Bay Docs announced the launch of a web-based origination tool for reverse mortgage lenders and brokers. The new application allows brokers and lenders to order reverse mortgage application and closing documents which include the required statutory forms along with calculation forms: instant quote comparison, print screen, amortization schedule, TALC and the closed [...]

Reverse Fortunes Weekly Podcast: Episode #70 HUD slashes principal limits, now what… 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. HUD slashes Principal [...]

One Reverse Mortgage has a new CEO leading the company after its original founder Sean Marsh left the company.  We just caught wind of this news, but Jay Farner was named as CEO on July 1st. Quicken purchased One Reverse Mortgage in 2008 for an undisclosed sum and quickly became one of the largest reverse [...]

Genworth Financial Home Equity Access, Inc., a subsidiary of Genworth Financial, Inc., announced the release of a competitive fixed rate reverse mortgage product to both its retail and wholesale broker clients.  The fixed rate product features an interest rate of 5.625% said a company statement. “There’s never been a better time to get a Reverse [...]

Premier Reverse Closings (PRC), divisions of National Closing Solutions and Placer Title, announced that Adrian Prieto is joining the company as vice president, eastern region senior account manager, and will be focusing on growing business on the east coast. Prieto brings 13 years of financial industry experience with the last five being in the reverse [...]