On October 1st, EverBank Reverse officially joined MetLife Home Loans.  MetLife acquired EverBank Reverse in June of this year as well as the retail mortgage business from First Horizon National Corp a few days later.  Together the two business will have over 200 retail mortgage locations in the U.S.
Prior purchasing First Horizons mortgage platform, MetLife […]

Senior Lending Network recently announced that its chief executive officer, David Peskin and Suffolk County Legislator Steve Stern will be participating with the National Aging in Place Council (NAIPC) to celebrate National Aging in Place Week (October 13 through October 19).  Peskin and Legislator Stern will be holding seminars throughout Suffolk County, NY to […]

Bank of America recently announced that they will be offering LIBOR based reverse mortgage products to wholesale brokers.  According to the announcement, Bank of America still believes that the CMT index is better for you and you customer but they realize the spreads between LIBOR and CMT are volatile and may reverse course in […]

The Massachusetts Division of Banks announced yesterday that it issued four cease and desist orders against licensed mortgage lenders and brokers.  Each case involved was in violation of the Commonwealth of Massachusetts reverse mortgage statute which requires lenders to receive approval before it originates reverse mortgages.  More information on Massachusetts reverse mortgage statute here.
According to […]

According to Financial Week, Goldman Sachs is looking to assets of failed banks such as IndyMac to build its business as it converts to a bank holding company.  “We plan to build our banking business organically and by buying retail deposits and bank assets in the wholesale market, not through opening branches,” a Goldman Sachs […]