Reverse Fortunes Weekly Podcast Episode #78 Meg Burns preps industry for future reverse mortgage principal limit factor reductions and major changes at NRMLA conference. To listen login or become a free member to listen to past & current episodes. Also in this episode: Megan burns hints of future PLF reductions and more changes at NRMLA [...]

First Mariner Bank entered into a profit sharing agreement with a private company related to its reverse mortgage division Next Generation Financial Services (NGFS) and may result in the acquisition of NGFS if certain requirements are satisfied within the next 18 months.  According to a filing with the Securities and Exchange Commission:

HeraldNet writer Tom Kelly brings up a great point in his column over the weekend when he says that Seniors find a way by asking, ‘What’s possible?’. While the question might seem simple, Kelly writes that it can spark critical conversations in senior households, especially when times are tough and cash is tight. 

Choice Home Mortgage Services has added Frank Miller to its exclusive Long Island Reverse Mortgage team said a company statement.  Miller has published articles on reverse mortgages and has presented various seminars on the subject for both senior groups and government agencies. "The Reverse Mortgage is far more that just a mortgage. It is a [...]

The US Department of Housing and Urban Development will publish an advance notice of rule making concerning reverse mortgages and will “ask some serious questions that a lot of people may find disconcerting,” said Meg Burns, Director, Single-Family Program Development at HUD. Burns spoke at the National Reverse Mortgage Lenders Association’s annual conference earlier this [...]

Wholesale reverse mortgage volume for the month of September totaled 5,567 units, up 6.1% from August and marking the 6th highest wholesale volume month on record according to data from Reverse Market Insight.  For fiscal year 2009, wholesale endorsements totaled 60,798, dropping just under 1% from FY 2008.  Financial Freedom took home the #1 reverse [...]