While reverse mortgage origination volume has slowed down over the last few months, changing population trends and increased borrower awareness of the product suggest origination levels are likely to increase sharply over the coming years according to a new report released by Barclays Capital. From the demand side, Barclays said demographics remain very favorable and [...]

Beginning in the fall of 2010 issuance for Ginnie Mae II multiple-issuer pools can occur on a daily basis, rather than once a month reported HousingWire last week. The changes were originally announced by Housing and Urban Development (HUD) secretary Shawn Donovan in April and are aimed at minimizing financial risk for warehouse lenders and making the program more efficient [...]

Here are the latest jobs from Reverse Mortgage Jobs Online: Reverse Originator (Kirkland) Stay in Home Mortgage Reverse Mortgage Originator (Massachusetts) Reverse Mortgage of New England REVERSE ORIGINATOR (Atlanta) PARK PLACE REVERSE MORTGAGE Jr Underwriter (Las Vegas) One Reverse Mortgage Jr Underwriter (San Diego) One Reverse Mortgage Client Care Specialist (Processor) (San Diego) One Reverse [...]

Generation Mortgage, the largest independently owned reverse mortgage lender has won the 2010 Better Business Bureau (BBB) of Metro Atlanta’s Torch Award for Marketplace Ethics and was the first runner up for the Torch Award in Customer Service said a company statement. “Receiving these awards is a huge honor for Generation Mortgage,” said President and CEO [...]

Sun West Mortgage Company announced it’s offering improved pricing and a no fee reverse mortgage starting May 27, 2010. The new product allows wholesale customers to design a reverse mortgage with all or any combination of service, origination, mortgage insurance premium (MIP), and title insurance fees to provide consumers with a HECM product that best [...]

Mortgage Orb writes that while the reverse mortgage sector has been one of the few bright spots within mortgage banking, the subservicing aspect of the business has yet to take off. Darryl Hicks, VP of communications for the National Reverse Mortgage Lenders Association tells MortgageOrb that part of the problem regarding the lack of subservicing [...]