Consumers in the state of Massachusetts are able to obtain the Federal Housing Administration’s new HECM Saver product according to the Division of Banks. Despite the program being rolled out in October 2010, lenders closing loans in their own name are required to submit a filing for approval of any new product related to reverse [...]

If you’re looking for an employer that provides reverse mortgage leads or you’re an underwriter with experience, check out the jobs listed below. Loan Officer – Leads Provided Nationwide (Nationwide) 1st AA reverse mortgage Reverse Mortgage Originator (MA/CT/RI) Reverse Mortgage of New England RM Advisor/Brokers & Company Owners – LEADS PROVIDED (Nationwide) EquiPoint Reverse Mortgage Experienced HECM DE [...]

MarketWatch takes an interesting look at how companies that are providing products to mitigate retirement risks and generate income for older Americans are leaving the business or raising rates. For example, MetLife announced last year that it was leaving the long term care business and Genworth said it will stop selling variable annuities earlier this [...]

Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors. The Pending Home Sales Index, increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8 mark [...]

Despite being less than six months away before the enactment of the Consumer Financial Protection Bureau (CFPB), the agency still doesn’t have a permanent director. Americans for Financial Reform (AFR), a collection of consumer advocates, published a report on Friday that praised the “significant progress” made by the bureau, but called on President Obama to appoint [...]

The Federal Reserve published a compliance guide for Regulation Z and provides additional information regarding prohibitions related to mortgage originator compensation and steering. Regulation Z prohibits certain practices relating to payments made to compensate mortgage brokers and other loan originators. “The goal of the amendments is to protect consumers in the mortgage market from unfair [...]