Another short week as we gear up for the new year… Here’s what happened in reverse mortgage news before we sign off and see you back in 2012. MetLife announced the sale of its bank to GE Capital. MetLife (NYSE: MET) said GE will acquire most of its depository bank business in a deal expected [...]

Despite nearly $700 billion in losses this year, home values are still looking better as 2011 comes to a close than they did in 2010. An annual home value estimate made by online real estate giant Zillow, which went public earlier this year, indicates home values are down about $680 billion on a national basis. [...]

Retirees use the words “hopeful” and “peaceful” to describe retirement rather than “confident” or “overwhelmed,” according to a study conducted by MIT and The Hartford, conducted in October and released in December. Of retirees surveyed by The Hartford and MIT’s AgeLab in its Age of Opportunity study, 27% said they feel peaceful about retirement versus [...]

Consumer Financial Protection Bureau advocates are imploring the White House to do everything in its power to get a director approved for the agency, which has operated without its intended authority for the past five months, and counting. They say the “extreme” Republican response to the director’s appointment warrants unprecedented moves that would enable President [...]

The Consumer Financial Protection Bureau has issued a final interim rule under Regulation Z that sets new Truth in Lending Act regulations. While the rule is the same as the previous rule under the Federal Reserve Board, which previously held authority for Reg Z, all reference to the Fed has been removed, and the CFPB [...]

Heading into the new year, lenders, servicers and banks are looking to fill openings on their reverse mortgage teams. Seeking an originator position with leads provided? Check out opportunities from top-10 lenders as well as smaller, regional companies—all seeking new talent. For a complete list of jobs that are open, visit Reverse Mortgage Jobs Online. The [...]