A House-Senate conference committee early this morning gave final approval to sweeping financial services reform legislation, sending the bill back to the House and Senate and setting the stage for signature into law by President Obama before July 4th. Lawmakers are calling the bill the Dodd-Frank Act after the two main architects, Senate Banking Committee Chairman [...]

OneWest Bank Chief Executive Officer Terry Laughlin is stepping down to join Bank of America Corp., where he’ll replace mortgage executive Jack Schakett. Laughlin announced his resignation from the Pasadena, California-based OneWest on June 21 and will stay with the bank through the end of July, according to spokeswoman Diane Henry.

The New York Times Economix blog writes that by the year 2030, US Census data shows the entire baby boomer generation will have moved into the ranks of the elderly. Catherine Rampell writes:

A South Carolina Bankruptcy court decision by the Honorable John E. Waites, Chief Bankruptcy Judge, found the entire balance of a reverse mortgage could be paid off over the five year life of a chapter 13 plan according to Law Bankruptcy Network. In the case of Brown, 2010 WL 1903771, the debtor and her daughter had lived [...]

Nine new members were added to the board of directors for the National Reverse Mortgage Lenders Association earlier this month, including two representatives from companies that do not originate reverse mortgages. The two are: Bob Yeary, chairman, Reverse Mortgage Solutions; and John LaRose, CEO, Celink; the latter a servicing company and the former a servicer, [...]

Companies like Genworth, MetLife, One Reverse Mortgage and more are looking to hire experienced reverse mortgage professionals.  Check out the latest openings from our job board: Reverse Mortgage Advisor (Hayward) Genworth Financial Reverse Mortgage Advisor (San Francisco) Genworth Financial Reverse Originator (Kirkland) Stay in Home Mortgage Reverse Mortgage Originator (Plainville) Reverse Mortgage of New England Jr Underwriter [...]