Genworth Financial Home Equity Access has reintroduced adjustable rate HECM Standard and Saver product offerings, which it temporarily cut last week from its wholesale channel. GFHEA informed its wholesale partners of the change today via an email obtained by RMD. Last Wednesday, the company announced it was temporarily suspending those product offerings, “until market conditions [...]

In case you missed it, it was an eventful week for reverse mortgage providers. Genworth cut several HECM product offerings. Genworth Financial Home Equity Access (GFHEA) announced late Wednesday it is temporarily eliminating a range of reverse mortgage products offered through its wholesale and correspondent channels, including adjustable rate HECMs (both the Standard and Saver) [...]

Genworth Financial Home Equity Access (GFHEA) is temporarily eliminating a range of reverse mortgage products offered through its wholesale and correspondent channels, the company announced late Wednesday night in an email to customers that was obtained by RMD. The products include adjustable rate HECMs (both the Standard and Saver) as well as fixed rate HECM [...]

Genworth Financial Home Equity Access (GFHEA) announced the addition of Michael Suits as its new Regional Account Manager for the Southwest region. “Michael brings a wealth of reverse mortgage knowledge and experience and we are excited to have him take over a key territory for us,” said Bob Marseilles, GFHEA National Wholesale Sales Leader. “We [...]

Genworth Financial Home Equity Access (GFHEA) is rolling out a new closed loan program (CLP) that allows customers to fund their own loans without becoming full correspondents. Under the program, customers have the ability to sell loans to Genworth while maintaining existing broker responsibilities in addition to closing and funding their own loans. GFHEA will continue [...]

As the April 1 implementation date for the Federal Reserve’s loan officer compensation rule grows closer, three reverse mortgage executives sat on a panel at the National Reverse Mortgage Members Association’s industry conference last week to discuss their status as the clock ticks. They are prepared, they say, the but their interpretation of the rule [...]