Confidence in the mature market building sector reflects a bleak landscape according to the third quarter results from the National Association of Home Builders’ 55+ Housing Market Index. Almost all categories surveyed declined from the levels reported in the third quarter of 2009.

During its annual conference call with analysts and investors, Jim Smyth, EVP, Senior Advisor and Senior Relationship Officer at Knight Capital Group said the company sees big potential in the purchase of Urban Financial. “While the business has already added value to the franchise, we believe that there is a significant upside as we aim [...]

A proposed rule from the Federal Trade Commission to ban deceptive mortgage ads has the support of the National Reverse Mortgage Lenders Association according to a letter submitted to the agency. “NRMLA believes that it and the FTC have a shared best interest in providing consumers with accurate and non-misleading information to facilitate informed decisions,” [...]

Reverse Fortunes Weekly Podcast Episode #130 The Federal Housing Administration makes their reverse mortgage projections for 2011, are they optimistic?  Learn more about how Google is allowing reverse mortgage lenders to track phone calls. To listen login or become a free member to listen to past & current episodes Talking Points: FHA releases HECM projections [...]

The Department of Housing and Urban Development said it continues to focus on implementing programs to help responsible homeowners avoid the pain of foreclosure. “The recent reports of problems in the foreclosure process underscore the importance of helping responsible homeowners avoid the pain of foreclosure,” said acting Assistant Secretary for Financial Stability Timothy Massad. “As we [...]

The Conference of State Bank Supervisors (CSBS) announced that unique state test components are now available for all 50 states and two territories—the District of Columbia and the Virgin Islands. As part of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), mortgage loan originators are required to pass a written qualified [...]