Alliance Credit Counseling released Reverse Mortgage Counseling Locator to assist both lenders and borrowers in finding approved counseling agencies. When borrowers enter their zip codes, the website automatically populates a list of ten HUD-approved HECM counselors (five local, five national) along with directions to the locations and shows what type of counseling is available: in [...]

Reverse mortgage companies are looking to expand, check out the latest jobs from Reverse Mortgage Jobs Online: Reverse Mortgage Originator (Massachusetts, Rhode Island, Connecticut, Maine) Reverse Mortgage of New England Reverse Mortgage Loan Officer (Annandale/Norfolk Region) WSFS Reverse Mortgage Loan Officer (Baltimore, Harford, & Cecil County) WSFS Reverse Mortgage Loan Officer (Berks & Chester County, PA) [...]

It is clear to all reverse mortgage participants that something has to be done to improve our image. It was the reoccurring theme at the recent NRMLA conference. But talk can be cheap and without a coordinated, concerted effort to take control of our public perception, we may struggle to convince lawmakers, regulators, seniors and [...]

The reverse mortgage industry has crossed the 2% overall penetration level according to Reverse Market Insight.  The penetration level is the total active reverse mortgages in servicing today as a percentage of all senior homeowner households.

The proposed Consumer Financial Protection Agency (CFPA) may be in jeopardy this week. The CFPA, which was a mainstay of the Financial Services Bill passed by the House of Representatives last month, may not make it into the Senate bill, according to reports cited by The New York Times. President Obama met with Senator Christopher [...]

National Council on Aging (NCOA) announced it will offer free counseling for seniors through its Reverse Mortgage Counseling Services (RMCS) Network.  For the next three months, RMCS counselors are waiving the usual $125 counseling fee in order to help more homeowners understand how reverse mortgage loans can help them remain in their homes.