Take the stress off of FHA and make way for private reverse mortgage products, was the message presented by two housing academics in testimony presented before a Congressional panel earlier this month. The progression might not be such a long way off, they said. “The question remains as to why the Federal government is guaranteeing [...]

Reverse mortgage lender Generation Mortgage announced Thursday it has hired the Department of Housing and Urban Development’s Colin Cushman, known as one of the inventors of the Home Equity Conversion Mortgage Saver product, to lead the company in risk and strategy. Cushman bring more than five years as a Federal Housing Administration risk management official, [...]

Most reverse mortgage competitors agree that MetLife’s exit from the business will turn out to not be such a bad thing in the long run. But the future may be less clear for one important segment of the market: the HECM Saver. “Wells Fargo and MetLife were far and away the biggest originators of Savers,” [...]

While many of the remaining top-10 reverse lenders have noted the opportunity presented by the exit of MetLife from the reverse mortgage business, the industry has also noted the loss of a big brand from the business. Generation Mortgage’s Jeff Lewis looked on the bright side of the MetLife exit in a recent statement, but [...]

From the Wall Street Journal to Fox Business and Bloomberg news, major media outlets last week covered MetLife’s exit from the reverse mortgage business, announced Thursday. By and large, financial press deemed the decision just another stop in a bigger exit strategy on the part of MetLife, which has been shedding business lines since last [...]

Urban Financial Group announced Monday that it has hired former MetLife manager Ken Sawan as vice president of retail sales. Sawan will work toward Urban’s expansion efforts in his new role, the company said in a press release. “Ken has extensive knowledge and experience in all areas of origination, processing and leading professionals within the [...]