Ongoing industry consolidation and a hot regulatory environment is leading to new hires from many reverse mortgage companies across the nation. If you are seeking an employer that provides reverse mortgage leads or you’re an experienced originator, check out the jobs listed below. Reverse Mortgage Specialist (Multiple) M&T Bank Reverse Mortgage Sales Executive – Leads provided [...]

Sun West announced its reverse mortgage origination platform is compatible with new Ginnie Mae servicing requirements. Earlier this month, Ginnie Mae eliminated the flat-fee option for servicing HECM mortgage-backed securities (HMBS) program and provided issuers more flexibility starting July 1st, 2011. Under the new guidelines, issuers can select an increased servicing margin of up to 150 [...]

American Banker is reporting on the status of President Obama’s Consumer Financial Protection Bureau director nomination, and says the decision is up against a ticking clock. If President Obama were to nominate a director on Tuesday, the article states, it would leave just 10 legislative weeks for Senate confirmation before the bureau’s July 21 launch [...]

Over the course of 22 years and $95 billion of HECM loans insured by the Federal Housing Administration, the U.S. has become the world’s most developed reverse mortgage market, according to research by Cantor Fitzgerald. Over the last few years, the program has gone through several different transformations to make the product more sustainable in the [...]

White House Special Advisor Elizabeth Warren, who is currently tasked with setting up the Consumer Financial Protection Bureau scheduled to launch on July 21, appeared on The Daily Show on Tuesday, saying “the fight isn’t over.” View the Daily Show segment featuring Elizabeth Warren.

Sales of newly built single family homes rose 11.1% to a seasonally adjusted annual rate of 300,000 units in March according to the US Commerce Department. The gain partially offsets a large decline that occurred in new-home sales in February. “The fact that new-home sales have regained some of the ground they lost earlier this [...]