New Retirement released a new reverse mortgage calculator available to both consumers and website providers through a widget that can be placed on their website. Designed for seniors and their relatives, the calculator uses homeowners ages, home values, and the balance on any mortgages or liens to calculate the estimated loan amount said the company.

Springboard Nonprofit Consumer Credit Management is offering free reverse mortgage counseling starting June 1, 2010. “We know that these are very challenging economic times, it’s smart to know more about reverse mortgages,” said Melinda Opperman, Springboard’s senior vice president of community outreach and industry relations.  ”By offering free counseling sessions we’re able to help more seniors [...]

The spring issue of the Federal Deposit Insurance Corporation’s Consumer News includes a section on understanding the risks and costs of a reverse mortgage.  Produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices, the publication is intended to present information in a nontechnical way for consumers. In Advice for Seniors: Understand [...]

Before the Senate financial reform bill wrapped up last week, Senator Claire McCaskill wanted to “sound the alarm about a very important topic that is in all likelihood not going to get addressed.” That topic happened to be reverse mortgages, which the Senator from Missiouri said is a “subprime mess in the making”.

Reverse Fortunes recently announced new improvements to its customer relationship manager (CRM). Created for reverse mortgage lenders, loan officers, and branch managers, RmCRM was born out of the company’s first database add-on for ACT with the specific challenges that users face daily in mind. While the original add-on provided a turnkey solution for the reverse mortgage originator, [...]

Atare Agbamu’s HECM at 20 series of interviews sits down with Robert W. Evans Jr., the first reverse mortgage originator to close a reverse mortgage. Now the managing director of Reverse Ultra, Evans has over 24 years of experience in mortgage lending and has held various positions throughout the industry. In addition, Evans serves as [...]