July 22nd, 2011 | by Alyssa | published in Data, News, Reverse Mortgage
The reverse mortgage industry continued its slump into May, as retail and wholesale endorsement volume dropped 15.3% compared with the previous month, a report from Reverse Market Insight noted this week. And although many were hopeful that the industry would absorb Bank of America’s volume after its exit from the market, RMI data shows a [...]
July 22nd, 2011 | by Elizabeth | published in News, Reverse Mortgage
In case you missed it…here’s what happened in reverse mortgage news this week: MetLife Inc. announced its intentions to sell its bank company. The decision comes from increasing regulation and bank scrutiny under Dodd-Frank, the company said. MetLife said it plans to continue offering residential mortgages through its MetLife Home Loans business, although a non-bank [...]
July 21st, 2011 | by Alyssa | published in News, Reverse Mortgage
MetLife, Inc. recently announced its intentions to sell MetLife Bank, N.A.’s depository business, which includes savings accounts, certificates of deposit and money market accounts. However, MetLife says it plans on continuing to offer residential mortgages through its MetLife Home Loans business. For MetLife’s reverse mortgage loan officers, this would mean MetLife is subject to the same [...]
July 21st, 2011 | by Elizabeth | published in News, Reverse Mortgage, Reverse Mortgage Jobs
With the ever-changing reverse mortgage climate, the list of job openings in the industry is growing. 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 Originators
July 21st, 2011 | by John | published in News, Reverse Mortgage, Reverse Vision, Warehouse Lines
While certain big banks recently announced they were exiting the reverse mortgage space, UBS says it’s getting back into the business by providing warehouse lines to lenders. The company quietly added its first client in May and is looking for new customers to add to its roster. “We’re looking to add more people and are [...]
July 21st, 2011 | by Alyssa | published in News, Reverse Mortgage
Second quarter consolidated earnings for Knight Capital Group Inc. (NYSE Euronext: KCG) saw a major decrease in SQ 2011 compared to the previous year with $17.6 million, or $0.19 per diluted share, the company reported yesterday. Knight’s SQ 2010 consolidated earnings were more than triple this amount, at $54.4 million, and $0.58 per diluted share. However, Knight’s earnings [...]
