Reverse mortgages will not cease to exist following the departures of large lenders from the industry, and suitability will be a “key factor” for the loans going forward, MarketWatch reported in an article this week. The article, titled “Banks abandon reverse-mortgage business,” presents an industry update following the announcement by Wells Fargo that it will [...]

With the recent departures of two of the largest reverse mortgage lenders from the business, many companies across the country are seeing the exits as an opportunity to build their teams. If you are seeking an employer that provides reverse mortgage leads or if you’re an experienced originator, check out the following job opportunities. Reverse [...]

After many months of mixed and often disheartening home data, a report this week by National Association of Realtors indicates that pending home sales rose strongly in May. The year-over-year rise in sales was seen across all regions, pointing to higher housing activity in the second part of 2011, and boding well  for home prices, [...]

Some Florida loan processors will no longer be required to hold a loan originator license after a bill was signed into law. Effective July 1, 2011, SB 1316 establishes two categories of processors—in-house and contract. In-house loan processors will no longer be required to have a license as long as they’re an employee of a licensed [...]

The minimum standards for state compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) were published today by the Department of Housing and Urban Development and are now available via the Federal Register for public display. “The SAFE Act sets nationwide standards for licensing of mortgage loan originators and [...]

Greenlight Financial Services will launch a newly revamped reverse mortgage division to begin operating in July. The Irvine, Calif.-based financial services company previously operated a reverse mortgage division, which closed 264 reverse mortgage loans in 2008, according to data from ReverseBase, before shutting down the division for reasons of economic uncertainty upon the financial crisis. [...]