Despite slow jobs growth and lagging market indicators, American economic confidence may actually be at its highest level since 2008, a Gallup poll released this week finds.  In its weekly polling of American confidence in the economy, Gallup found a confidence index rating of -16—while negative, it is still far above the -54 rating seen [...]

The hiring landscape has seen a shake up since the exit of MetLife from the business in late April. Since then, the list of lenders on the search has continued to grow from those seeking managers and originators, on the phone and on the ground. Urban Financial, Cherry Creek, Genworth Financial and Reverse Mortgage Solutions [...]

Communicating with borrowers online and generating Internet leads may be the future of reverse mortgage originations, and some lenders are already starting to target the growing online market. One day, they say, online will replace television for reverse mortgage leads. But there are some distinct differences between the online borrower and the kitchen table borrower, [...]

First Century Bank announced the roll out of a new program that allows financial institutions to offer reverse mortgages and remain compliant with the Real Estate Settlement Procedures Act (RESPA). The new Home Equity Conversion Mortgage (HECM) program allows regulated financial institutions to generate additional fee income without the overhead needed to run a reverse [...]

The reverse mortgage market is poised for a boom once people better understand the products, writes syndicated financial columnist Tom Kelly in an article published last week.  A “significant” percentage of older adults and their children will consider a reverse mortgage, as they enter retirement and find they can stay in their homes cash free. [...]

For retired people who are eligible to receive Social Security benefits, some are opting to delay Social Security as they instead look to savings or other means as a retirement income source. Essentially, says a recent report from the Boston College Center for Retirement Research, that option is like buying an annuity from Social Security. [...]