MetLife Mature Market Institute released a survey that reveals 55+ Americans prefer suburban living in single-story homes with amenities, particularly high-speed Internet access for their later years, and they don’t consider “universal” design a priority. The survey was conducted along with the National Association of Home Builders and asked owners and renters about their current [...]

Generation Mortgage Company announced that it has added Alison Calamia as customer account manager in its wholesale division.  Based in New Orleans, she will provide sales and support to Generation’s Wholesale team as she helps to expand their correspondent business said a company statement. Calamia brings over 18 years of reverse mortgage experience to the [...]

Market Focus released its new Reverse Monthly Marketing System (R3M), which runs on its Mortgage Quest(TM) marketing and customer relation ship management (CRM) platform.  The system was created with marketing service provider Jan Schrader & Associates targets opportunities created from the higher loan limits in response to users requests says a company statement.  "This is [...]

Bank of America rolled out its Clarity Commitment in April, but it added its reverse mortgage Clarity Commitment last week for its fixed rate reverse mortgage product. The Clarity Commitment is a one-page loan summary which presents borrowers with their interest rate, terms and other details of the loan in plain language says the company [...]

Assembly Bill (AB) 329 was amended and passed in the California state Senate on September 1, 2009 and on September 3, 2009, the California state Assembly passed AB 329 as amended by the California state Senate. Late last week, the bill was enrolled and sent to California Governor Arnold Schwarzenegger for his expected signature. AB [...]

Reverse mortgage lending in the United States isn’t the only country getting special attention from consumer groups.  Martin Lynch, head of reverse mortgages, RBS Reverse Mortgages in Australia told Lending Central that consumer advocacy group CHOICE is still not a fan of reverse mortgage products. CHOICE is the largest consumer organization in Australia, which aim [...]