Sun West Mortgage Company is expanding to the Eastern part of the United States by opening a new office in Lake Mary, Florida. The new office will focus on wholesale production for both the forward and reverse mortgage business said the company. The location will be staffed by Dennis Loxton and Dylan Rodriguez with plans [...]

Reverse123 President Thomas M. Simpson announced he will be hosting a one hour weekly radio program called “The Reverse Report” on WSBR Radio in Boca Raton, Florida. The program will focus on the latest developments in the area of reverse mortgages and will serve as a platform to educate consumers about the loans said the [...]

Over the weekend both the New York Time and Wall Street Journal covered how reverse mortgage lenders are lowering costs for consumers. WSJ writer Kelly Green reports that: Reverse mortgages have long been considered one of the most expensive ways to extract cash from your house. But that is changing as some of the country’s [...]

New York Times contributor Tara Siegel Bernard wrote over the weekend that if you’ve been thinking about getting a reverse mortgage, it’s worth taking a closer look now because several lenders have cut prices in recent weeks. Driven by an increase in demand for Ginnie Mae HMBS from Wall Street, lenders like Bank of America, [...]

The Missouri legislature introduced House Bill 2313, which would allow for a 15-year repayment period after a reverse mortgage matures. If passed, it would go into effect on August 28, 2010. The main objective of HB 2313 is to assure that heirs to property that is encumbered by a reverse mortgage will not be overwhelmed [...]

Only a few weeks after releasing a no origination and servicing fee fixed rate reverse mortgage product, MetLife announced to wholesale partners it’s lowering margins for adjustable rate HECM products. Previously the company offered margins ranging from LIBOR 250 to LIBOR 325 for its adjustable rate reverse mortgage products, but is now lowering margins to [...]