Reports of misleading advertising by reverse mortgage lenders is an issue that has plagued the industry for some time, but a new advisory opinion published by the National Reverse Mortgage Lenders Association aims to end the behavior. According to the opinion, a NRMLA member that retains or arranges with a third party to assist in [...]

The Federal Housing Administration is extending its temporary waiver of the “anti-flipping rule” through the remainder of 2011 said the agency last week. The announcement is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.  With certain exceptions, FHA regulations prohibit insuring a mortgage on a [...]

Reverse Fortunes Weekly Podcast Episode #139 The latest podcast covers the latest Fox News segment on reverse mortgages and the media’s recent coverage of HECM taxes and insurance defaults. To listen login or become a free member to listen to past & current episodes Talking Points: Fox takes softer approach on reverse mortgages this time Round [...]

U.S. Senator Tim Johnson (D-SD) was named Chairman of the Senate Committee on Banking, Housing, and Urban Affairs on Thursday. “As we continue to come out of the worst recession since the Great Depression, I am committed to an agenda to restore our economy, make our financial regulations world class, and ensure that consumers and [...]

Fast Company Magazine’s latest issue has an interesting section about companies designing for the retirement boom. “As 77 million baby boomers near retirement, companies across all industries are building products to suit the generation’s changing needs,” writes Fast Company.

Urban Financial Group is moving into a brand new 20,000 square foot corporate office on Monday in South Tulsa to accommodate its growing reverse mortgage operation.  The company currently employes 81 people in Tulsa and 120 throughout the country, will use the new office to expand into all 50 states. “With the support of our parent [...]