What role will the jumbo reverse mortgage play in the marketplace today? Jeff Lewis, chairman of Generation Mortgage, told the Boston Globe it not only meets the needs of borrowers with higher home values, but will also serve aging boomers who are still raising children and helping to support their own parents.  Describing an experience [...]

A law that will impact reverse mortgage loans in Massachusetts goes into effect on November 1, 2010. Signed by Governor Deval Patrick earlier this year, the law requires seniors with a gross income of less than 50 percent of the average area income or has assets valued at less than $120,000 (excluding a primary residence) [...]

Mortgage originations are expected to fall from an estimated $1.4 trillion in 2010 to slightly under $1 trillion in 2011 according to the latest forecast from the Mortgage Bankers Association. The industry will see an increase in purchase originations driven by modest increases in home sales and stabilizing home prices.  In contrast, MBA refinance originations [...]

Data from the October edition of the Obama Administration’s Housing Scorecard shows continued signs of stabilization in home prices according to the Department of Housing and Urban Development. “Over the last 21 months, the Obama Administration’s swift action in the housing market has kept millions of families in their homes and provided responsible borrowers with [...]

LTC Global has acquired a controlling equity interest in EquiPoint Financial Network, a San Diego, CA, based reverse mortgage lender. Last year, LTC Global agreed to acquire a majority interest in another reverse mortgage lender, Next Generation Financial Services (NGFS), which is currently operating as a division of 1st Mariner Bank.

In less than one week, reverse mortgage professionals from around the country will gather in New Orleans for the 2010 National Reverse Mortgage Lenders Association Annual Meeting and Expo. The event, which takes place November 3 through 5 at the Roosevelt New Orleans, will feature over 30 exhibitors, 21 informative sessions, and 78 speakers from [...]