Urban Financial Group is moving into a brand new 20,000 square foot corporate office on Monday in South Tulsa to accommodate its growing reverse mortgage operation.  The company currently employes 81 people in Tulsa and 120 throughout the country, will use the new office to expand into all 50 states. “With the support of our parent [...]

As the landscape for reverse mortgage brokers continue to change with new third party rules from the Department of Housing and Urban Development, companies are looking to see how they can be successful in the future. “Little by little, everyone is trying to find their way and figure out what the next move is and [...]

Knight Capital Group told a group of analysts during an earnings call that it doesn’t expect regulation from the Dodd-Frank reform bill to impact the company’s entrance into the reverse mortgage business. Specifically, Thomas Joyce, CEO of Knight said it doesn’t anticipate the new regulations will require it to keep “skin in the game” on [...]

After a challenging fiscal year in 2010, attendees at last week’s Annual Meeting of the National Reverse Mortgage Lenders Association still seemed upbeat about the future of their companies and industry. It helped to hear Jeff Lewis, senior managing director, Guggenheim Partners; and chairman of the board of Generation Mortgage Company, predict a 25 percent [...]

Urban Financial Group has acquired the assets of Guardian First Funding Group along with the rights to a reverse mortgage lead generation campaign featuring Robert Wagner. According to sources close to the deal, the acquisition closed late Friday afternoon and provides Urban with arguably the most recognized retail brand in the industry.

The last year hasn’t been easy on the reverse mortgage industry, but during the National Reverse Mortgage Lenders Association’s “road show” attendees expressed some optimism about things to come. With at least $140 million provided through the appropriation process so far and the possibility of a two product solution from the Federal Housing Administration, stars [...]